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

Gov. Jared Polis Signs Colorado Digital Token Act

Last week, Colorado Gov. Jared Polis signed the Colorado Digital Token Act (“SB19-023”), which is expected to bring more attention to Colorado’s cryptocurrency market by addressing digital tokens within the existing framework of securities law. A security, while having a notoriously flexible … Read more about Gov. Jared Polis Signs Colorado Digital Token Act

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 Chairman Weighs In…

The cryptocurrency industry has received very little information concerning how the Securities and Exchange Commission (the “SEC”) will regulate digital currency or Initial Coin Offerings “(ICO’s”). On April, 5, the SEC chairman Jay Clayton gave the industry another glimpse of how cryptocurrencies … Read more about SEC Chairman Weighs In…