Tag: SEC

SEC Orders CoinAlpha Crypto Fund to Shut Down
Business

SEC Orders CoinAlpha Crypto Fund to Shut Down

In an extension of their crackdown against unregistered securities, the SEC has officially issued a cease-and-desist order for CoinAlpha to close down their cryptocurrency investment fund. The SEC has instructed the Delaware-registered CoinAlpha Advisors LLC to close their cryptocurrency investment fund over failing to register, the government body reported this weekend. All exchange funds must…

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”
Business

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”

In a recent discussion, the US Securities and Exchange Commission (SEC) Chairman Jay Clayton highlighted his stance concerning cryptocurrencies, Distributed Ledger Technology (DLT), and securities laws. Ultimately, Clayton’s opinion suggests that most cryptocurrencies— including security tokens— are subject to the SEC’s existing securities regulations. The SEC’s Stance on Security Token Regulation Explained SEC Chairman Jay…

SEC Issues Detailed Statement on Tokenized Securities
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SEC Issues Detailed Statement on Tokenized Securities

The SEC has issued a statement regarding the emerging class of “digital asset securities.” In it, the SEC is open to allowing blockchain technology to naturally develop and add to the richness of the market but warns security token issuers to stay within the bounds of existing regulations. When the SEC publically comments on something,…

SEC Charges EtherDelta Founder with Operating an Unregistered Securities Exchange
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SEC Charges EtherDelta Founder with Operating an Unregistered Securities Exchange

As of November 8th 2018, the SEC has charged EtherDelta founder Zachary Coburn with operating an unregistered exchange. Despite EtherDelta functioning as a decentralized, ERC-20 token trading platform, they were charged with facilitating the trade of assets classified as securities without following the required steps outlined by the SEC. Details of EtherDelta’s Charges Explained The…

SEC Expands Crypto Crackdown to Investment Advisors and Custody
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SEC Expands Crypto Crackdown to Investment Advisors and Custody

According to recent news from sources close to Politico, the SEC has officially initiated its enforcement beyond misleading ICOs. Their latest investigation has targeted investment advisors and price manipulation, though it is unlikely that such activity will impact compliant security tokens. How the SEC is Extending Enforcement Beyond Fraudulent ICOs The SEC has historically searched…

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