SEC ruling suggests cryptocurrency airdrops violate securities law

SEC ruling suggests cryptocurrency airdrops violate securities law
ôîòî ïîêàçàíî ñ : thenextweb.com

2018-8-15 14:54

Airdrops are totally all the rage. Blockchain companies have been resorting to token giveaways and marketing bounty programs as a way of circumventing the Securities and Exchange Commission’s (SEC) ban on initial coin offerings (ICOs) – but this is probably going to change very soon.

In an announcement on its website, SEC revealed it has served a lifetime ban and a $30,000 fine to cryptocurrency startup Tomahawk for employing fraudulent marketing strategies to raise funds. As spotted by users on Twitter, the publicly available cease-and-desist order suggests that free tokens are securities.  It reads, albeit in thick legalese: Tomahawk’s issuance of…

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securities sec → Ðåçóëüòàòîâ: 126


SEC Calls Out 6 Tokens as Securities in Bittrex Complaint: Reports

The U.S. Securities and Exchange Commission (SEC) has called six altcoins securities in a complaint against Bittrex. The exchange had been served with a Wells Notice. According to a Twitter news account, @tier10k the SEC has named OMG Network (OMG), Dash (DASH), Algorand (ALGO), Monolith (TKN), NAGA (NGC), and IHT Real Estate Protocol (IHT) as … Continued The post SEC Calls Out 6 Tokens as Securities in Bittrex Complaint: Reports appeared first on BeInCrypto.

2023-4-17 17:32


Ôîòî:

SEC Chairman Gensler Says Some Stablecoins Could Qualify as Securities

Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities. Gensler Says Stablecoins Could Be Securities U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws. The SEC Chair made theRead More

2021-7-22 04:00


Securitize gets approval from SEC to become first crypto securities record-keeper

San Fransisco-based digital securities issuing platform Securitize became the first “blockchain-focused agent” to get SEC approval.   The company said this will enable the company to be an official keeper of records for all digital securities registered with the SEC, positioning it as a one-stop digital securities service provider, said the company to CryptoSlate.

2019-8-23 12:34


Ôîòî:

5 ICOs are expected to be approved this month by Thailand’s SEC

Thailand’s securities regulator is reportedly expecting to approve five initial coin offerings (ICOs) later this month. According to the Bangkok Post on Wednesday, the Thailand Securities and Exchange Commission (SEC) has said that, while 50 ICOs in the country are currently applying for regulatory approval, five of them are already in a position to move ahead.

2018-6-14 17:03


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