SEC | ForkLog - Part 71

Krzysztof Shpak 1448 07.05.2020

After Telegram’s Lost Battle with SEC, TON Launched Now Under Slightly Different Name

TON developers, major PoS validators, and community enthusiasts have announced the launch of Free TON powered by the native token TON Crystal in a declaration.

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Krzysztof Shpak 574 10.04.2020

SEC vs. 11 Crypto-Companies: More Lawsuits to Come

On April 3rd, 2020, class-action suits against four major crypto-exchanges and seven ICO projects were filed. The lawsuits allege that the defendants have violated U.S. securities laws.

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Krzysztof Shpak 3096 01.04.2020

SEC vs Telegram: A Battle That Could Be Avoided

In 2018, Telegram raised $1.7 billion through an ICO in exchange for the future delivery of 2.9 billion Gram tokens to 175 investors. While Grams could realistically be sold with a premium on the secondary market, Telegram argued that the agreement was in line with the definition of a private placement of securities that is […]

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Krzysztof Shpak 484 26.03.2020

A Blow on Telegram: Is Court Prohibition Loss to SEC for Pavel Durov’s Project?

March 24, the New York Southern District Court has preliminarily halted the transfer of Gram tokens to the primary investors of TON. Thus, the court ruled in favor of the U.S. SEC and recognized Gram non-registered security.

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Krzysztof Shpak 367 28.02.2020

SEC Rejected Another Bitcoin ETF Leaving No More Bids To Review: What’s Going On?

As the recent news has it, the SEC rejected the last application for a Bitcoin exchange-traded fund it had to review. There are no more applications pending, and it seems the Commission isn’t going to make Bitcoin ETFs happen, at least soon.

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Krzysztof Shpak 381 24.01.2020

SEC vs TON: What Blockchain Association Involvement Means

Telegram has been litigating with the SEC for a while now. The main question of the case is whether the sale of Gram tokens by Telegram’s TON platform is a transaction of securities. Whatever the court ruling will be, it is likely to create a significant precedent for the entire crypto-industry to deal with.

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ForkLog 808 11.07.2019

Blockstack Receives SEC Approval for First Reg A+ Compliant Token Offering in U.S. History

The United States Securities and Exchange Commission (SEC) has approved a $28 million Reg A+ offering for decentralized Internet company Blockstack. According to the company’s blog post, this is the first time in U.S. history that a crypto token offering has received SEC qualification and “a huge step forward for decentralized applications, internet security, and […]

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ForkLog 452 11.04.2019

Blockstack Aims To Raise $50 Million Via SEC’s Regulation A+ Framework

Decentralized computing network Blockstack has applied to the U.S. Securities and Exchanges Commission (SEC) to launch a $50 million token sale which — if approved — would be the industry’s first SEC-qualified offering.

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ForkLog 234 04.04.2019

SEC Issues Guidance on Digital Asset Securities Regulatory Framework

The U.S. Securities and Exchange Commission (SEC) has just released a statement on the regulatory status of digital assets, providing a new unofficial framework for identifying and recognizing potential security tokens/coins.

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ForkLog 516 22.03.2019

Bitwise Claims 95% Of Reported Bitcoin Trading Volume Is Fake

A majority of Bitcoin trading volume is artificially created by unregulated exchanges, according to a Bitwise Asset Management report.

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ForkLog 194 17.03.2019

SEC Advisor Says Some Stabecoins Might be Violating Securities Laws

In what could be a new turn in the discussion about the legal status of stablecoins, the U.S. Securities and Exchange Commission’s advisor for Digital Assets, Valerie Szczepanik suggested that certain types of stablecoins “could raise issues under securities laws.”

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ForkLog 334 13.03.2019

SEC Chairman Agrees Cryptocurrencies Like Ethereum Are Not Securities

U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton confirmed an existing analysis stating that the world’s second-largest cryptocurrency and other tokens of similar characteristics did not fall within the securities category under SEC standards.

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