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
SEC Chairman Jay Clayton relayed a mixed message to the crypto community during a conversation with Glenn Hutchins, founder of private equity firm Silver Lake Partners at the Coindesk Consensus Invest conference yesterday. Speaking in a personal capacity, Clayton praised blockchain – bitcoin’s underlying technology – and said that the technology had “incredible promise” for… Read More SEC Chair Clayton: Safeguards Don’t Exist in Digital Currency Markets
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
Ethereum has ambitions to become the world’s first distributed computer running applications that accomplish a varied set of tasks on its platform. But the cryptocurrency will have to contend with SEC regulations before it reaches that goal.… Read More Ethereum’s Security Problem
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