SEC Investigating Crypto Company Salt’s $50M Sale

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Salt Lending Holdings Inc., a lender that uses cryptocurrencies as collateral, is under investigation by the Securities and Exchange Commission (SEC) for a roughly $50 million dollar ICO it held in August 2017. Salt, a company tied to prominent bitcoin entrepreneur Erik Voorhees, received a subpoena from the SEC in February seeking records related to…

After Friday’s SEC Actions, Experts Say ICO Party ‘Is Truly Over’

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Friday’s charges against Airfox and Paragon Coin may hint at how the SEC will regulate ICOs going forward.

Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

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According to Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP, as of now, the U.S. Congress will not be passing a crypto bill in the foreseeable future. Had drinks yesterday with a friend who's deeply connected in DC. Me: “what do you hear about crypto on the Hill?”Him:…

SEC, CFTC Charge Bitcoin Futures Firm 1Broker With Securities Law Violations

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The SEC and CFTC are suing bitcoin derivatives trader 1pool and CEO Patrick Brunner for violating federal law with a security swap scheme.

SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal

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The U.S. Securities and Exchange Commission (SEC) is now weighing whether to approve the nation’s first bitcoin-based exchange-traded fund.

US Financial Industry Regulatory Authority Issues Its First Crypto Disciplinary Action

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The U.S. Financial Industry Regulatory Authority has taken its first disciplinary action involving cryptocurrencies. The authority charges a broker with fraudulent and unlawful distribution of unregistered crypto securities. The owner allegedly “attempted to lure public investment in his worthless public company” by issuing “the first minable coin backed by marketable securities.” Also read: 160 Crypto Exchanges…

US Regulators Give Update on Crypto Crackdown

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Since the ICO fervor of 2017, regulators worldwide have increased scrutiny on emerging cryptocurrency projects and investment schemes. On Aug. 28, U.S. regulators released an update on their coordinated cryptocurrency crackdown. NASAA Updates ‘Operation Cryptosweep’ The North American Securities Administration Association (NASAA) updated its progress on initial coin offering- (ICO) and cryptocurrency-related investment product investigations,…

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which…