Formed in 2013, Pantera’s was the first U.S.-based bitcoin fund.
Libel laws and new faces at the U.S. securities regulator lead the week’s news.
Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin.
The SEC is seeking a default judgment against three companies and four individuals for their roles in an allegedly fraudulent ICO that duped $9 million from 500 investors.
The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat.
The settlement with the SEC came after the three were charged in September for their participation in “unregistered and fraudulent” ICOs.
The outgoing SEC director first joined the agency in 2017.
Do the new safe harbors against integration pave the way for a successful SAFT process?
New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk’s Bitcoin for Advisors conference.
“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated the plantiff’s lawyers in the class-action suit.