SEC Tries (and Fails) to Expand the Private Markets

On August 26, the U.S. Securities and Exchange Commission (“SEC”) announced several changes to the “accredited investor” definition, adding new categories of the eligible individual and corporate candidates for private capital markets. Passed in a 3-2 Commission vote, the agency press release … Read more about SEC Tries (and Fails) to Expand the Private Markets

Block.one to Pay $24 million SEC Penalty

On September 30, the U.S. Securities and Exchange Commission (the “SEC”) announced the settlement of a $24 million penalty with blockchain company Block.one, as a result of the company’s recent unregistered initial coin offering (“ICO”). In the press release, SEC officials detail the unlisted ICO, … Read more about Block.one to Pay $24 million SEC Penalty

Crypto Exchange INX Proposes Record-Breaking IPO

  According to a draft prospectus statement filed with the U.S. Securities & Exchange Commission (“SEC”) on August 19, cryptocurrency trading platform INX Limited aims to raise between $5 million and $129.5 million through their proposed initial public offering (“IPO”). A historic … Read more about Crypto Exchange INX Proposes Record-Breaking IPO

Why is the S.E.C. suing Kik over their Digital Coin Offering?

  The cold war between digital currency companies and the S.E.C. has lasted a long time (by crypto standards), but it appears to be turning hot. On June 6, 2019, the tension between Kik and the US Securities and Exchange Commission (“SEC”) came to a head when the SEC issued a formal … Read more about Why is the S.E.C. suing Kik over their Digital Coin Offering?

SEC Charges EtherDelta Founder with Operating Unregistered Exchange

The US Securities and Exchange Commission (SEC) announced settled charges on the first enforcement action based on findings that a digital token trading platform was operating as an unregistered national securities exchange. The charges were against Zachary Coburn, founder of decentralized Ethereum … Read more about SEC Charges EtherDelta Founder with Operating Unregistered Exchange

SEC Official: Ether is not a Security

The US Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman, speaking at the All Market Summit: Crypto in San Francisco, said that neither bitcoin nor ether would be classified as securities by the SEC. Hinman said, "Based on my understanding of the present state of … Read more about SEC Official: Ether is not a Security

SEC Expertly Trolls ICO Investors

In what was a brilliant, hilarious, and somewhat childish move, the US Securities and Exchange Commission (SEC) has released a fake Initial Coin Offering (ICO) in order to highlight the risk of fraud within the ICO market. The SEC has long cautioned about the potential for investors to fall prey to … Read more about SEC Expertly Trolls ICO Investors

Nasdaq Open to Becoming Crypto Exchange, says CEO

The CEO of Nasdaq, the world's second-largest stock exchange, said that they would be open to eventually becoming a cryptocurrency exchange at some point in the future. In an interview with Squawk Box, Adena Friedman, the CEO of Nasdaq fielded questions about the current status of the exchange, … Read more about Nasdaq Open to Becoming Crypto Exchange, says CEO