SEC ruling suggests cryptocurrency airdrops violate securities law

SEC ruling suggests cryptocurrency airdrops violate securities law
фото показано с : thenextweb.com

2018-8-15 14:54

Airdrops are totally all the rage. Blockchain companies have been resorting to token giveaways and marketing bounty programs as a way of circumventing the Securities and Exchange Commission’s (SEC) ban on initial coin offerings (ICOs) – but this is probably going to change very soon.

In an announcement on its website, SEC revealed it has served a lifetime ban and a $30,000 fine to cryptocurrency startup Tomahawk for employing fraudulent marketing strategies to raise funds. As spotted by users on Twitter, the publicly available cease-and-desist order suggests that free tokens are securities.  It reads, albeit in thick legalese: Tomahawk’s issuance of…

This story continues at The Next Web

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securities sec cryptocurrency suggests marketing tomahawk ban

Источник: thenextweb.com

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SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud

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SEC Calls Out 6 Tokens as Securities in Bittrex Complaint: Reports

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2023-4-17 17:32


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SEC Chairman Gensler Says Some Stablecoins Could Qualify as Securities

Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities. Gensler Says Stablecoins Could Be Securities U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws. The SEC Chair made theRead More

2021-7-22 04:00


Securitize gets approval from SEC to become first crypto securities record-keeper

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