• Telegram token sale illegal
    Cryptocurrencies,  Regulation

    Court to Telegram: $1.7 billion gram token sale is likely illegal

    The Securities and Exchange Commission has a ‘substantial likelihood’ of winning an ICO test case against the messaging app firm’s planned sale of gram tokens for its TON blockchain

    A federal judge issued a preliminary injunction stopping Telegram's planned resale of $1.7 billion in gram tokens, saying it is "part of a larger scheme to distribute those Grams into a secondary public market."

  • Capitol Building on Capitol Hill in Washington DC
    Regulation,  United States

    Blockchain Association, Chamber of Digital Commerce support Telegram

    The two advocacy groups submitted amicus briefs to the court. One opposes the SEC’s lawsuit; the other asks the agency to do a better job defining digital assets

    The Blockchain Association and the Chamber of Digital Commerce, two Washington, D.C. based-advocacy groups focused on blockchain and digital assets, filed amicus briefs Tuesday in the U.S. Securities and Exchange Commission's case against messaging app Telegram.

  • It seems Crypto Dad Chris Giancarlo has actual children.
    People,  Regulation

    Chris Giancarlo joins law firm, stays active in crypto

    At Willkie Farr & Gallagher, the ‘Crypto Dad’ says he will be at the juncture of ‘financial markets, emerging technologies and law and public policy’

    J. Christopher Giancarlo, who resigned from the CFTC earlier this year, has landed at the swanky midtown Manhattan offices of leading law firm Willkie Farr & Gallagher. From his perch as Chairman of the Commodity Futures Trading Commission, Giancarlo was a forceful advocate for American cryptocurrency and blockchain innovation.

  • The CFTC levied $205 million in fines. And focused on cryptocurrency. Not sayin' they're related, but... (Marco Verch via Flikr, CC BY 2.0).
    Regulation

    CFTC recoups $1.3 billion, calls crypto policing major goal

    The Commodity Futures Trading Commission’s Enforcement Division assessed $205 million in fines, covering 80% of the agency’s FY 2019 budget as it focused on cryptocurrency.

    The Commodity Futures Trading Commission’s Enforcement Division paid for itself four times over in fiscal year 2019. In fact, the $205 million in fines it assessed covered 80% of the agency’s $249 million total budget. The division also said policing digital assets had become one of its main goals. While it didn’t break down how much of that came from cryptocurrency and digital assets cases...