The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process.
Once the registration statement becomes effective, Enigma would be required to file annual and quarterly reports with the regulatory body for its token.
The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment.
Noted cryptocurrency advocate and Securities and Exchange Commissioner Hester M. Peirce issued a public dissent after the SEC levied a $6.1 million fine on online gaming and gambling platform Unikrn for conducting an initial coin offering (ICO) in 2017, a penalty that effectively amounts to the size of the company’s current assets.
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.
In light of newly expanded qualifications for accredited investors, Law Decoded looks at recent interactions between crypto and public companies.
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They’d paid in over a million dollars, mostly in bitcoin.
Chairman Powell’s speech on Thursday highlighted how much the Fed’s role is changing, and that’s an opportunity for the crypto industry.
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated.