Articles balisés ‘SECONDE’
In Legal Battle With US SEC, Telegram Sees New Support From Trade Association
The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SECONDE). The amicus brief and the SEC’s lack of clarity The April 3 brief takes the SEC to task for backtracking…
Lire la suiteGovt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns
Prosecutors have paused a United States Securities and Exchange Commission (SECONDE) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants. The United States attorney’s office for New Jersey intervened in the case on April 2. SEC suit paused…
Lire la suiteSEC Alleges Minority Communities Targeted By Bottled Water Scam
The United States Securities and Exchange Commission has charged a former pastor and his wife for stealing $500,000 through a trio of fraudulent businesses, including a cryptocurrency offering purportedly backed by a bottled water business. According to a complaint filed on April 2, the pair also sold fake shares in their struggling water business, Teshuater,…
Lire la suiteSEC Charges 2 With Fraudulent Water-Backed Token Sale
Les Etats Unis. Securities and Exchange Commission charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency, TeshuaCoin. Larry Donnell and Shuwana Leonard were charged Friday with defrauding investors by allegedly stealing nearly $500,000 in the sale of bogus stock certificates and shilling an alkaline water-backed cryptocurrency…
Lire la suiteJudge Halts Telegram Token Issuance in Injunction Requested by SEC
Un États-Unis. judge ordered messaging platform Telegram to refrain from issuing its gram cryptocurrency next month as planned, granting a request by the Securities and Exchange Commission (SECONDE). In a preliminary injunction dated March 24, U.S. District Judge P. Kevin Castel, of the Southern District of New York, said the SEC had demonstrated a plausible…
Lire la suiteRetail Demand May Force the SEC to Approve a Bitcoin ETF
Several investment firm executives have debated the likelihood of the U.S. Commission de Sécurité et d'Echanges (SECONDE) licensing a U.S.-based Bitcoin (BTC) fonds négocié en bourse (ETF) during a CNBC broadcast on March 7. The discussion follows the SEC’s recent rejection of its last pending Bitcoin ETF application. Wilshire Phoenix had first filed the application for its proposed…
Lire la suiteICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M
Les Etats Unis. Commission de Sécurité et d'Echanges, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission. U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered broker failed to respond to…
Lire la suiteUnited States SEC Wins $16M Case Again ICOBox
The ICOBox platform received a court decision in absentia, after failing to defend its side against the accusations of the US Securities and Exchange Commission (SECONDE). ICOBox Investigated for Aggressive Token Promotion ICOBox was sentenced to repaying $16M for acting as an unregistered broker. The startup reportedly organized multiple token sales which were deemed to…
Lire la suiteSEC Proposes to Simplify ‘Complex and Confusing’ Exempt Offering Rules
The US Securities and Exchange Commission (SECONDE) has voted to propose a set of rule changes to simply and improve the “patchwork” rules for exempt securities offerings. The proposed rule changes aim to improve the existing ‘complex and confusing’ framework to make it easier for companies to conduct offerings that still protect investors. dans le…
Lire la suiteHester Peirce’s Last Effort at SEC as Wilshire Phoenix BTC ETF Is Rejected
Securities and Exchange Commissioner (SECONDE) Commissioner Hester Peirce has published a dissenting statement in response to the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. In her statement, Peirce slams the SEC for its biased treatment of Bitcoin-related products with the passion of a “Bitcoin maximalist.” Given that the commissioner’s term expires in…
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