Gaming startup Pocketful of Quarters (PoQ) was issued a no-action letter by the SEC’s Division of Corporation Finance (DCF) on July 25 for its plan to sell Ethereum-based Quarters tokens. These tokens will be used as in-game currencies on gaming platforms, and will be transferable from one game to another, even across platforms.
Gaming entrepreneur and sixth grader George Weiksner, CEO of Pocketful of Quarters, got the SEC to do what only one other crypto company could—sell tokens without registering them as securities (photo via Pocketful of Quarters).