In a preliminary ruling that may be considered as a rebuke to the SEC’s broad definition of a security, a U.S. District Court in Southern California rejected a motion by the federal agency to bar Blockvest LLC, a startup, from conducting an ICO for sale of its tokens. The federal agency had obtained an emergency… Read More California Judge Rules Against SEC In ICO Token Case
a combination of regulatory uncertainty and enthusiastic funding from eager private investors may have tipped the scales against a public ICO of Telegram’s tokens.… Read More Telegram Cancels ICO Plans For Public Investors
Former CFTC Chairman Gary Gensler dialed up the conversation on cryptocurrencies this week at the MIT Business of Blockchain conference by wading into contentious topics related to cryptocurrency regulation. His talk spanned a broad range of topics but the most controversial aspect of his speech related to the status of Ethereum’s ether and Ripple’s XRP as securities.… Read More Former CFTC Chair Gensler Ratchets Up Controversy In Cryptocurrency Ecosystem
During a Congressional hearing last month, SEC Chairman Jay Clayton said all ICO tokens he had seen were securities. That remark, with all its attendant implications, has spooked investors and snowballed into a series of actions that might end up radically reshaping cryptocurrency markets. Since Clayton’s remark, the SEC has tightened the screws on coin… Read More The Case For Ethereum As A Security Token