securities Archives

SEC investigation of Do Kwon and Terraform Labs to proceed as court affirms subpoenas

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10 June, 2022

SEC investigation of Do Kwon and Terraform Labs to proceed as court affirms subpoenas

Do Kwon and his company, Terraform Labs, must comply with subpoenas served by the U.S. securities regulator in their investigation...

SEC brings landmark crowdfunding charges against two $2M projects

Business

Steve Kaaru

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22 September, 2021

SEC brings landmark crowdfunding charges against two $2M projects

Robert Shumake, Willard Jackson, and Nicole Birch are accused of conducting the two fraudulent crowdfunding offerings. They allegedly sold securities...

Ripple, SEC play keep-away with incriminating documents

Business

Steven Stradbrooke

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11 August, 2021

Ripple, SEC play keep-away with incriminating documents

Ripple Labs is under fire after the U.S. securities regulator accused the company of undermining a regulatory probe into whether...

DeFi firm settles with SEC over $30M unregistered token sale

Business

Steve Kaaru

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10 August, 2021

DeFi firm settles with SEC over $30M unregistered token sale

The watchdog accused DeFi Money Markets of selling unregistered securities and making false representations to investors in its $30 million...

Nano developers petition court for $701K damages over ‘baseless’ class action

Business

Ed Drake

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5 August, 2021

Nano developers petition court for $701K damages over ‘baseless’ class action

The claim brought by token purchaser Alec Otto and the class action around it was filed too late, and was...

BlockFi gets 1 month reprieve from New Jersey regulators

Business

Steve Kaaru

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30 July, 2021

BlockFi gets 1 month reprieve from New Jersey regulators

Co-founder and CEO Zac Prince confirmed that the NJ watchdog has given the firm one more month before it has...

‘US regulated’ BlockFi in hot water with Alabama regulators too

Business

Steven Stradbrooke

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22 July, 2021

‘US regulated’ BlockFi in hot water with Alabama regulators too

Digital currency platform BlockFi’s dismissal of the brushback pitch thrown by New Jersey regulators could have major ramifications for company...

Ripple accidentally makes a good point in SEC defense: why isn’t ETH an unregistered security too?

Business

Jordan Atkins

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22 July, 2021

Ripple accidentally makes a good point in SEC defense: why isn’t ETH an unregistered security too?

Based on the legal test for determining whether something is a security or not (Howey), the SEC has a case....

Coinschedule settlement ‘missed opportunity’ for SEC, ‘disappointed’ members say

Business

Ed Drake

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21 July, 2021

Coinschedule settlement ‘missed opportunity’ for SEC, ‘disappointed’ members say

The settlement found the firm’s U.K.-based owners Blotics Ltd. flouted anti-touting provisions under federal securities laws and failing to disclose...

DROP token creators plead guilty to $1.8M ICO scam, settle with SEC

Business

Steve Kaaru

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8 July, 2021

DROP token creators plead guilty to $1.8M ICO scam, settle with SEC

The two raised $1.9 million by selling over 600 million native tokens, all while issuing false statements, presenting fake profitability...

‘The Game’ faces $12M judgment over unregistered ICO sale promotion

Business

Steve Kaaru

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30 June, 2021

‘The Game’ faces $12M judgment over unregistered ICO sale promotion

Jayceon Taylor, popularly known as The Game, promoted ParagonCoin, a blockchain project that claimed to be out to change the...

French central bank trials CBDC-based securities settlement

Business

Steve Kaaru

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24 June, 2021

French central bank trials CBDC-based securities settlement

The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France...

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