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Posts Tagged ‘SEC’

SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter. The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings. Per Bloomberg’s unarmed interlocutors, the two funds were encouraged…

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Blockstack Files With SEC to Raise $50 Million in Reg-A+ Crypto Token Sale

Blockstack, the New York-based blockchain software provider launched in 2017 to create the infrastructure for a decentralized internet, has announced it intends to raise $50 million in a token sale that would leverage the SEC’s Regulation A+ crowdfunding exemption. While the move still requires regulatory review, the sale would enable Blockstack to raise capital through…

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Polychain’s Assets Drop $376 Million Since August, SEC Filings Show

A new filing with the U.S. Securities and Exchange Commission (SEC) shows that prominent venture fund Polychain had $591.5 million in assets under management at the end of March. That’s down considerably since the firm’s August 2018 filing, which showed $967.8 million in assets under management. That’s a loss in value of $376.4 million. The Wall…

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The SEC Just Released Its Long-Awaited Crypto Token Guidance

The U.S. Securities and Exchange Commission (SEC) has published fresh regulatory guidance for token issuers, nearly half a year in the making. The guidance focuses on tokens and outlines how and when these cryptocurrencies may fall under a securities classification, according to the document.  SEC Director of Corporation Finance William Hinman first revealed that the…

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SEC Issues First ‘No-Action’ Letter Clearing ICO to Sell Tokens in US

The U.S. Securities and Exchange Commission (SEC) has issued a “no-action” letter to TurnKey Jet, Inc., agreeing that tokens used by the business travel startup are not securities. The regulatory stamp of approval is contingent upon the company using its tokens under certain conditions. Those conditions include: token-generated funds cannot be used to develop the…

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The US SEC Wants to Hire a ‘Crypto Specialist’ Legal Advisor

The U.S. Securities and Exchange Commission (SEC) is seeking to hire a “crypto specialist” attorney advisor. According to a job posting on USAJobs, an official government jobs portal, the SEC’s Division of Trading and Markets plans to hire the new legal expert in order to help develop a “comprehensive plan” to address crypto and digital…

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SEC Postpones Decision on Bitwise, VanEeck Bitcoin ETF Proposals

UPDATE (March 29, 19:45 UTC): The SEC has also delayed the VanEck/SolidX bitcoin ETF proposal. The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on two bitcoin exchange-traded fund (ETF) proposals earlier this year. The first ETF proposal, filed by Bitwise Asset Management with NYSE Arca, was published in the Federal Register on Feb. 15, kicking…

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SEC Tells ICOs: You’re Forgiven If You Cooperate and Pay the Fine

The SEC is apparently going easy on ICOs who are cooperating, paying a fine, and returning the raised money to investors.  A Litany of Settlements The US Securities and Exchange Commission (SEC) is reaching settlements with cryptocurrency Initial Coin Offering (ICO) projects that accept the Commission’s ruling on violating securities regulations. Fortune reports that the…

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