Posts Tagged ‘SEC’

Judge rules cryptocurrency ICO scam case falls under securities law

A New York judge ruled that the US SEC can proceed with its legal case against the RECoin and DRC ICO organizer Maksim Zaslavskiy, who currently stands accused of defrauding investors. Zaslavskiy tried to have the SEC’s case thrown out by claiming that ICOs can’t be categorized as “securities” but as “currencies,” hence there’s no legal […]

US SEC to discuss Bitcoin and ICOs at Investing in America conference

The Atlanta Regional Office of the U.S. Securities and Exchange Commission (SEC) is going to hold an investor conference on June 13, 2018, at Georgia State University. The one-day “Investing in America” conference will include a break-out session on bitcoin and ICOs. The main session will feature SEC Chairman Jay Clayton and Commissioners Kara Stein, Michael […]

US regulator creates fake ICO to teach investors a lesson

The U.S. Securities and Exchange Commission (SEC) has come out with an ingenious way to guide prospective investors on looking for red flags on ICOs. The SEC recently launched an ICO web page to demonstrate potential investment victims what are the obvious signals of frauds and scams in connection with these investments. The spoof ICO […]

Simply setting up an ICO website? Prepare to respond to US authorities’ questions!

SEC has received judicial assistance to compel PlexCoin’s Canadian assistant Yan Ouellet to co-operate in their investigation. According to the SEC, Ouellet has assisted the firm in setting up and/or running PlexCorps’ and PlexCoin’s websites; keeping track of the individuals who accessed the websites, including the identity of regulators and law enforcement agencies; and opening accounts […]

SEC Chief: ICOs Are “Absolutely Not” All Fraudulent

Jay Clayton, the chairman of the SEC, stated that financial and regulatory oversight will strengthen the cryptocurrency and blockchain markets. Clayton, speaking with students at Princeton University, has countenanced against condemning the vast majority of ICOs as fraudulent, saying that it’s ‘absolutely not’ the case for many companies starting an ICO, doubling down on the SEC’s […]

Bitcoin Exchange Coinbase Approaches SEC for Regulated License

Coinbase has approached regulators to get registered as a licensed brokerage. Such a move will allow the exchange to conduct its business in compliance with the SEC, which considers cryptocurrencies to be “securities.” If executed right, the regulated exchange would be able to provide several other cryptocurrencies for trading purposes on its platform, including the […]

SEC Crackdown On Cryptocurrency ICOs Expands. Here’s What To Know

The US SEC, which conducts oversight of the country’s stock and options exchanges as well as the securities industry as a whole, has increasingly been cracking down with severity on fraudulent ICOs, for violating securities laws. If you are considering investing in an ICO, it’s a good time to become more familiar with what the […]

SEC-Compliant ICO Platform CoinList Raises $9.2 Million In Funding

The standardized SEC-Compliant ICOs exchange platform, CoinList, announced the successful completion of its first round of funding on April 4, 2018. CoinList is a company focused on supporting ICOs and securities that fully comply with all requirements of the US authorities. They are not only in charge of listing a given token, but their service […]

Mayweather ICO Founders Knocked Out by SEC for Fraud

The US Securities Exchange Commission’s new Cyber Unit task force has taken down boxing great Floyd Mayweather’s sponsor, Centra Tech. The Florida based company that claimed to be “creating a world connected to cryptocurrency” through their products has been charged with violating the anti-fraud and registration provisions of federal securities laws. The charges were brought when the SEC […]

3 “SEC” ERC20 Tokens You May Want to Avoid

Everyone in the world of cryptocurrency knows all too well how the SEC is looking into cryptocurrencies and ICOs. As such, it makes virtually no sense for anyone to create an ICO token known as SEC. Surprisingly, there are quite a few of them out there, which is rather intriguing, but not necessarily for the […]