SEC agrees to dismiss enforcement case against Consensys

The US Securities and Exchange Commission (SEC) has agreed in principle to dismiss its securities enforcement case against Consensys, according to a Feb. 27 statement. Once final approvals are secured, the SEC will file a stipulation with the court to formally close the case.

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Consensys and SEC reach agreement to dismiss MetaMask securities case

The dismissal highlights a shift towards more collaborative regulatory approaches, potentially fostering innovation and growth in the crypto sector. The post Consensys and SEC reach agreement to dismiss MetaMask securities case appeared first on Crypto Briefing.

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XRP Price Collapses as SEC Appeals Ripple Case

The SEC has decided to appeal the Ripple case

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Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.

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SEC prosecutors quit after ‘abuse of power’ in DEBT Box case

Two SEC lawyers, Michael Welsh and Joseph Watkins, have resigned from the agency due to “materially false and misleading representations” made in a crypto case last year.

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Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.

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XRP Lawsuit: Ripple Gains Incredible Backings As SEC Case Takes Surprising Turn

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SEC Gains Another Supporter in Ripple Case

Yet another independent entity has thrown its support behind the SEC in the Ripple case

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Ripple’s SEC case “endgame” speculated after major date, but how is XRP behaving?

Ripple case with SEC facts expected to trickle in on September 19 The case… The post Ripple’s SEC case “endgame” speculated after major date, but how is XRP behaving? appeared first on CoinJournal.

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XRP primed for a recovery to $1 amid major development in SEC case

The price of XRP/USD is primed for a bold recovery. While the market uncertainty is still there, the token could create a bullish flag as the market eagerly waits for a major development in Ripple’s case with the US Securities and Exchange Commission (SEC).

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SEC Brings Charges in its First Case Involving Securities & DeFi

The Securities and Exchange Commission (SEC) has charged a pair of men for their part in making millions off fraudulent offerings. The case has already been settled. The post SEC Brings Charges in its First Case Involving Securities & DeFi appeared first on BeInCrypto.

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Judge Approved Blockchain Association’s Brief in Kik Case Despite SEC Objections

U.S. District Judge Alvin Hellerstein allowed the Blockchain Association to file a brief in the SEC v. Kik case a day after the regulator filed an objection to letting the group comment.

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US SEC Re-Opens Infamous Bitcoin Scammer Case

According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick Haddow, has yet to be properly solved. The United States SEC does not appear to be satisfied with the New York Southern District Court judge’s decision regarding the case against Renwick Haddow.

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SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify

The U.S. SEC is attempting to force Telegram’s former chief investment advisor to testify in the case over the firm’s Grams tokens offering

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Kik Lawyers Say SEC Has No Strong Evidence, Twisted Facts in Complaint

Kik says the SEC has seriously misrepresented the facts relevant to their case, and they will not succeed in the courtroom

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Financial Law Firm Creates Unified Bitcoin And Crypto Crime Database

A new database called the Blockchain Litigation Database is making easier for law firms to provide legal services to crypto-sector clients concerned about compliance issues with the SEC and CFTC.

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ICO Law Specialist Calls for Kik CEO to Stand Down in Crypto/Securities Case vs SEC

A partner at a law firm working with startups that have raised funds using via an initial coin offering is calling on the CEO of Kik to stand down in his case against the SEC. The expert in crypto law believes that Ted Livingston might well do more harm than good to the industry.

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Kik vs SEC – The Lawyers Speak

The SEC's complaint against Kik, after it raised $100 million in an ICO, seemed pretty brutal, but not so fast, we're only hearing one side of the story. Watch more here as three lawyers discuss the case, its merits and its potential impacts for the crypto industry as a whole.

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Ethereum Market Analysis: ETH Statement At $230, Will Prices Sync With Darma’s Vision?

Today’s Ethereum (ETH) News A lot has been said about Ethereum. It is the pioneering smart contracting platform with real use case. Although there is no official statement from the US SEC stating overtly that the network is completely decentralized, many of its executive officials are confident it is. That is the kind of acknowledgement […]

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SEC’s allegation against Kik is gross mischaracterization and misleading of the facts, says Ted Livingston

Recently, Ted Livingston, the CEO of a Canadian-based messaging startup, Kik, spoke about the reason they were being sued by the United States Securities and Exchanges Commission, in an interview for CNBC Crypto Trader.

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SEC continues to divide and conquer the whole industry, says Kik CEO Ted Livingston

Recently, Ted Livingston, the CEO of Kik, a Canadian-based messaging startup, shed light on the on-going case with the United States Securities and Exchanges Commission [SEC], in an interview with Ran NeuNer for CNBC Crypto Trader.

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The SEC Can’t Keep Kik-ing the Crypto Can Down the Road

The SEC's case against Kik shows clear, consistent guidance on tokens is still needed, argues a Cato Institute scholar.

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The SEC's Case Against Kik Could Have Ramifications For Other 2017 ICOs

As more details have emerged regarding the case the US Securities and Exchange Commission has built against Kik and its Kin token ICO, the odds seem stacked in the agency's favor. A legal win for the SEC could spell trouble for other ICOs that were held around the same time.

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SEC Accusing Kik for Illegal ICO, and They May Be Right

Coinspeaker SEC Accusing Kik for Illegal ICO, and They May Be RightThe U. S. Securities and Exchange Commission is suing messenger app maker Kik for $100 million ICO for its Kin token which they think was an unregistered securities sale.

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The SEC Case Against Kik’s ICO Appears Strong, Experts Say

The SEC seems to have a strong case on the facts in its complaint against Kik and its 2017 token sale, according to legal experts.

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The Case of KiK and Quest for Howey Test Change

KiK, a freeware instant messaging app from the Canadian Company KiK Interactive, will take on the SEC in an attempt to challenge regulatory measures by the US regulatory agency. No doubt, the inevitable battle between.

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Need to Know: Kik’s $5 Million Fund to Fight the SEC

On May 28, 2019, during the Unchained podcast, the co-founder of the social media platform Kik and its cryptocurrency arm Kin Foundation, Ted Livingston, announced the launch of a $5 million fund to fight Kin’s ICO case with Securities and Exchange Commission (SEC).

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SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam

By CCN: On Thursday, the U. S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme.

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Crypto Lawyer: SEC’s ICO Guidance Just a Legal ‘Nothingburger’

When the U. S. Securities and Exchange Commission publishes anything related to the cryptocurrency space, the industry immediately pays attention. However, a highly-touted guidance document from the regulator in regards to blockchain and ICOs is shaping up to be seen as a case of nothing to see here.

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Crypto AriseCoin Creator Pleads Guilty to $4.2 Million Securities Fraud

An ICO fraud case has concluded with a guilty plea. Jared Rice Sr. , the former CEO of decentralized bank startup AriseBank and creator of the AriseCoin, has pleaded guilty to cheating investors out of $4.

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U.S. SEC Chairperson Jay Clayton Clarifies that Ethereum is Not a Security

CoinSpeaker U. S. SEC Chairperson Jay Clayton Clarifies that Ethereum is Not a SecurityIn his answer letter, Jay Clayton opens up on defining ICO tokens as securities saying that there cannot be a static approach to deal with different crypto assets.

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Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC.

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SEC Gains Injunction Against Blockvest LLC in Fraudulent Securities Case

In a sudden turn of events, the US SEC has been given an injunction against Blockvest, a digital asset firm accused of selling unregistered securities in a February 14, 2019, press release. New Developments The SEC has gained a small victory in their case agonists Blockvest, a blockchain-based asset exchange, by getting an injunction against them onRead MoreRead More.

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SEC Obtains Preliminary Injunction Against Blockvest For Fraudulent Securities Offer

The Securities and Exchange Commission (SEC) has announced a preliminary injunction granted against Blockvest LLC for unlicensed security offer. This overturns a previous court order, claiming that the SEC failed to prove that the token was a security.

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Why This Privacy Watchdog Says the SEC’s Crypto Exchange Crackdown Threatens to Stifle Free Speech

The Electronic Frontier Foundation is taking the SEC to task for potentially repressive policies related to enforcement actions levied against crypto industry firms. Free speech online is the EFF’s wheelhouse, but in a recent blog post, they’ve also addressed other matters in the cryptosphere.

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Canadian Startup Kik Plans to Fight a Legal Battle Against the SEC Over an ICO Case

Kik Interactive Inc. , a social media startup based in Waterloo, Ontario is planning to fight the Securities and Exchange Commission (SEC) in court. The startup’s 2017 initial coin offering is at the center of the controversy, as reported by the Wall Street Journal.

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Kik Looks to Challenge SEC over ICO Securities Debacle

According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission (SEC) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs).

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Why is Kik Challenging The SEC In Anticipated Crypto ICO Court Case?

Ever since initial coin offerings (ICOs) became mainstream, regulators, especially the U. S. ’ governmental agencies, have sought to make moves against this newfangled form of funding. The crypto assets from these sales are touted as utility-centric, but incumbents have argued that they resemble securities.

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Can Bitcoin ETNs Unlock Mass Adoption?

With most bitcoin ETF proposals out of the picture and the SEC on forced hiatus, the institutional adoption of BTC and other cryptocurrencies has been put on hold. But why is that the case? Back in January 2017, the launch of bitcoin futures by Cboe (Chicago Board of Exchanges) and CME (Chicago Mercantile Exchange), seemed […] The post Can Bitcoin ETNs Unlock Mass Adoption? appeared first on Crypto Briefing.

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Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 Million

Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.

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QuantmRE launches security token tied to U.S. real estate assets

Although the tokenization of real estate assets has long been promoted as a blockchain use case with the potential to disrupt one of the world’s most valuable asset classes, little progress has been made to date.

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SEC Is Rallying International Cooperation To Crackdown On Dodgy ICO Token Sales

SEC Rallying International Cooperation To Crack Down On Dodgy ICOs initial coin offering (ICO) sector has been instrumental in setting up the crypto industry. Coins, small and big, have been able to present their case for public attention and funds.

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ICO Project Blockvest Beats SEC in Federal Court

CoinSpeaker ICO Project Blockvest Beats SEC in Federal CourtThe U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.ICO Project Blockvest Beats SEC in Federal Court

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John McAfee Taunts SEC After Agency Affirms ICO Promotion without Payment Disclosure is Fraud

The U. S. Securities and Exchange Commission (SEC) has recently indicted DJ Khaled and Floyd Mayweather and fined them because they were promoting ICOs in the country without disclosing their payments.

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SEC Hits Floyd Mayweather and DJ Khaled With Fines for Unlawful ICO Promotion

The U. S. Securities and Exchange Commission has hit two celebrities with record fines for shilling initial coin offerings (ICOs). Boxer Floyd Mayweather Jr. and music producer DJ Khaled were taken to task for failing to disclose payments they received for touting the projects.

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U.S. District Judge Turns Back SEC Request Regarding ICO

A new development has arisen in the U. S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.

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AriseBank CEO Charged in $4 Million Alleged ICO Scam

Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.

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In Cautionary Speech, Chairman Clayton Parrots SEC’s Bitcoin ETF Concerns

Speaking at the ongoing CoinDesk's Consensus Invest conference in New York, U. S. Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke on why his agency hasn’t yet approved a bitcoin exchange traded fund (ETF).

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Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018.

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