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SEC


Cboe Global Markets may now be close to launching an ether futures product, following a recent comment from a U.S. Securities and Exchange Commission (SEC) official indicating that the agency doesn’t consider ethereum’s native cryptocurrency a security. On Thursday, the SEC’s director of corporation finance William Hinman notably said that, based on his understanding of “the ethereum …

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“Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.” So said William Hinman, director of the division of corporate finance at the U.S. Securities and Exchange Commission (SEC) at a Yahoo! All Markets Summit event in San …

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Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman. Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency “doesn’t see a lot of value in treating ether today as …

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Court records show that distributed ledger startup Ripple is being represented by two former Securities and Exchange Commission (SEC) officials – including its onetime chairwoman, Mary Jo White – in an ongoing civil matter. Twin filings reveal that White, along with Andrew Ceresney, are representing Ripple in a lawsuit first filed in May by investor Ryan Coffey. …

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One of the U.S. Securities and Exchange Commission’s leading officials on the cryptocurrency and token sale front has been named to a new senior advisory position. The agency said Monday that Valerie Szczepanik will serve as associate director of the Division of Corporation Finance and senior advisor for digital assets and innovation, reporting to division director …

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Blockchain technology is shaking up the legal industry. At least that’s according to prominent blockchain industry attorneys, Angela Angelovska-Wilson and Lewis Cohen, who revealed exclusively to CoinDesk Friday that they have started their own law practice focused on the nascent industry. Called DLx Law LLP, the firm opened its doors this month, with offices in …

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A sandbox for ICOs is not the best approach to token regulation, an SEC commissioner said last week. Speaking at the Medici Conference on May 2, Commissioner Hester Peirce told the audience: “My fear that regulators will grab hold of the shovels and buckets is why I am often wary of so-called regulatory sandboxes. I …

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A jury will decide whether tokens issued through two allegedly fraudulent initial coin offerings (ICOs) count as securities, a U.S. district court judge said Tuesday. Businessman Maksim Zaslavskiy is accused of violating anti-fraud and registration provisions of federal securities laws after launching two token sales that officials say defrauded investors. He pled not guilty in early December …

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Regulatory uncertainty appears to be arriving late to Washington state. In what seems like the latest sign concerns are impacting initial coin offerings (ICOs) broadly, Seattle-based Dragonchain is forcing one of its affiliate projects, Norwegian startup Iagon, to return funds it raised from investors back in April – and it’s currently unclear why. In fact, on April …

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Two officials at the Commodity Futures Trading Commission (CFTC) spoke about regulating cryptocurrencies this week, stressing the need for cooperation between their agency and another powerful U.S. regulator, the Securities and Exchange Commission (SEC). Speaking at the FIA Law and Compliance conference in Washington, D.C., on Wednesday, commissioner Brian Quintenz spoke about “an effort that …

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The U.S. Securities and Exchange Commission (SEC) is likely to win its case against three individuals associated with Longfin Corp, a company whose stock skyrocketed after a blockchain pivot, said a federal judge. U.S. District Judge Denise Cote said on Tuesday that the regulatory agency has a good chance of proving that Andy Altahawi, Suresh …

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The initial coin offering (ICO) ecosystem is what the wider securities marketplace would look like without regulation, a Securities and Exchange Commission (SEC) commissioner said Monday. Speaking to CNBC, commissioner Robert Jackson made the comparison when talking about the agency’s role in regulating cryptocurrencies and ICO-derived tokens – and the prospect of tighter controls in …

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Major crypto industry investors Andreessen Horowitz and Union Square Ventures reportedly held a private meeting with U.S. Securities and Exchange Commission (SEC) officials to discuss the exemption of blockchain-based tokens from the agency’s oversight. The Silicon Valley-based venture capital firms and their special counsel met with senior officials from the SEC’s Division of Corporate Finance …

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The Philippines Securities and Exchange Commission (SEC) has officially warned against 14 cryptocurrency investment schemes seeking to attract consumers in the country. In an advisory statement issued Wednesday, the regulator listed the names of the 14 investment projects, including Onecash, which was already called out by the SEC in a previous warning last month. As …

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Riot Blockchain, the Nasdaq-listed company that made headlines last year after its pivot to cryptocurrency related services, has received a subpoena from the U.S. Securities and Exchange Commission. The disclosure was made in Riot Blockchain’s annual report, which was released on April 17. The company said in its filing that the SEC is “requesting certain …

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The Philippines securities watchdog warned that it will regulate cryptocurrency cloud mining contracts in the country under existing securities rules. In a statement issued Tuesday, the country’s Securities and Exchange Commission (SEC) said that cloud mining contracts should be classified as securities, since, when the Howey test is applied, the process was determined to involve a …

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The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Longfin Corp, a company that saw its price jump more than 2,000 percent late last year after it announced the acquisition of a blockchain startup. The SEC alleged Friday that the company’s CEO, Venkata Meenavalli, and three other individuals were involved in stock sales …

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Are all initial coin offerings (ICOs) bad? “Absolutely not,” according to SEC chairman Jay Clayton. Clayton’s remark came during a talk on “Cryptocurrency and Initial Coin Offerings” at Princeton University Thursday, with that specific comment referencing his agency’s enforcement actions against the founders of projects that have run afoul of the U.S. securities laws his agency …

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The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with “orchestrating a fraudulent initial coin offering,” the regulator said Monday night. The agency said it charged Sohrab Sharma and Robert Farkas, the co-founders of Centra Tech, with fraud after they raised $32 million by selling “unregistered securities.” While …

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It didn’t take long for Scott Nelson to realize he was only non-lawyer in the conference room. There amidst attorneys from various government agencies, including the SEC, the CEO of blockchain startup Sweetbridge and long-time logistics tech specialist was prepared to discuss his company’s forthcoming initial coin offering (ICO). The lawyers on his team had …

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