Tag: SEC

SEC Commissioner Peirce Proposes Three-Year Grace Period for Token Sales
Blockchain

SEC Commissioner Peirce Proposes Three-Year Grace Period for Token Sales

On February 6th, 2020, U.S. SEC Commissioner Hester Peirce revealed a significant proposal at the 4th International Blockchain Congress in Chicago. She wants to give cryptocurrency projects a three-year grace period to develop a network and grow a decentralized infrastructure prior to being subject to U.S. securities laws. SEC Commissioner Peirce’s Three-Year Safe Harbor Proposal…

Grayscale Bitcoin Trust is Now an SEC Reporting Company
Blockchain

Grayscale Bitcoin Trust is Now an SEC Reporting Company

On January 21st, 2020, Grayscale Investments announced that its Grayscale Bitcoin Trust has become the first digital currency investment vehicle to attain the status of an SEC reporting company. In late 2019 the firm filed a Form 10 with the commission, which has now been deemed effective. As a result, the Grayscale Bitcoin Trust will…

Digital Assets a 2020 Examination Priority for the SEC
Blockchain

Digital Assets a 2020 Examination Priority for the SEC

On January 7th, 2020, the U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) published its examination priorities for the coming year. The document explained how digital assets will remain a priority without significant change from 2019. Transfer agents will also be a priority for 2020 — a new area for…

SEC Settles with Blockchain of Things After Alleged $12M Unregistered Securities Offering
Blockchain, Business

SEC Settles with Blockchain of Things After Alleged $12M Unregistered Securities Offering

On December 18th 2019, the U.S. Securities and Exchange Commission (SEC) announced that it has settled charges with Blockchain of Things (BCOT). Several months after the SEC published its DAO Report, BCOT raised almost $13 million through an Initial Coin Offering (ICO), which the SEC deemed an alleged unregistered securities offering. The SEC’s Charges Alleging…

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change
Blockchain, Business, STOs

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change

The U.S. Securities and Exchange Commission (SEC) has received widespread criticism for its exclusive definition of ‘accredited investor’. Currently, accredited investors are limited to a select group of wealthy individuals based on one thing: their wealth. Now, the SEC is considering a proposal to change the criteria used to qualify accredited investors — which could…

Will Ether Remain a Commodity After Ethereum 2.0 Upgrade?
Blockchain

Will Ether Remain a Commodity After Ethereum 2.0 Upgrade?

Last week, Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert shared some insight on ether’s legal classification once the Ethereum Network’s 2.0 upgrade takes place. Ultimately, Tarbert says the commission is still evaluating ether’s future legal status. Some speculate the asset will maintain its commodity status, while others make the case for a security —…

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