SEC | ForkLog - Part 68

ForkLog 7 14.12.2020

U.S. court orders ICO startup Blockvest to pay $696,000

The U.S. Securities and Exchange Commission (SEC) won the case against Blockvest LLC, an ICO startup, and its founder Reginald Buddy Ringold, also known as Rasul Abdul Rahim El. Law360 reports.

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ForkLog 10 11.12.2020

SEC Commissioner Hester Peirce urges regulators not to curb the crypto industry’s potential

Regulators should find ways to embrace the principles of personal liberty underlying digital assets and reject overly burdensome rules. This was stated by SEC Commissioner Hester Peirce, The Block reports.

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ForkLog 9 09.12.2020

Blockstack: STX tokens will cease to be securities after the Stacks 2.0 launch

After the launch of the Stacks 2.0 blockchain in January 2021, the U.S. Securities and Exchange Commission (SEC) will no longer be able to regard STX as a security, and exchanges will list it, said the New York startup Blockstack.

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ForkLog 9 03.12.2020

SEC Commissioner Hester Peirce: Crypto industries need ‘progressive’ rules

The U.S. Securities and Exchange Commission (SEC) will not manage to fold digital assets into the regulatory framework, and the experience of Wyoming’s 'extremely progressive' state banking board may come in handy. This view was expressed by Hester Peirce, the SEC commissioner known as the 'crypto mom'.

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ForkLog 9 26.11.2020

US spy chief warns of China’s dominance in digital currencies

The director of the U.S. National Intelligence John Ratcliffe urged SEC chair Jay Clayton to discuss the threat posed by China, which has been increasing its activity in the cryptocurrency space. The appeal is contained in a letter that came into the possession of the Washington Examiner.

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ForkLog 6 20.11.2020

SEC Chair Outlines Why Bitcoin Is Rising

The head of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, told CNBC that interest in the first cryptocurrency is based on the 'inefficiencies' of current payment systems.

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ForkLog 10 16.11.2020

US SEC chief Jay Clayton to step down by year-end

The chair of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, confirmed that he will leave the post at the end of 2020 after three and a half years in office, according to the agency's statement.

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ForkLog 11 12.11.2020

In the past year, the SEC collected more than $4.68 billion in penalties for unregistered ICOs

The U.S. Securities and Exchange Commission (SEC) collected more than $4.68 billion in penalties and fines. A quarter of this amount — $1.26 billion — came from Telegram's ICO and token sales by cryptocurrency companies, according to the 2020 annual report.

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ForkLog 10 03.11.2020

SEC relaxes crowdfunding rules for cryptocurrency startups

The U.S. Securities and Exchange Commission (SEC) has raised the fundraising cap for regulated crowdfunding campaigns. The cap rose from $1.07 million to $5 million, according to a statement.

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ForkLog 11 29.10.2020

Nasdaq-listed Bit Digital mined more than $10 million worth of Bitcoin in the first half of 2020

Nasdaq-listed Bit Digital mined bitcoins worth more than $10 million in the first half of 2020. The report on this was received by the U.S. Securities and Exchange Commission (SEC).

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ForkLog 11 23.10.2020

Kik urges exchanges to list Kin token after settlement of SEC dispute

A judge approved the agreement between the U.S. Securities and Exchange Commission (SEC) and Kik, the messenger's developer, in the 2017 token sale case. The company believes the decision signals that charges of violating the Kin token securities laws have been dropped and removes obstacles to trading the asset.

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ForkLog 14 21.10.2020

SEC and Kik Reach Settlement; Kik to Pay $5 Million

The U.S. Securities and Exchange Commission (SEC) and Kik, the messaging-app developer, have reached a settlement over the 2017 token sale. If approved by the court, the Canadian company will pay a $5 million fine.

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