The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”
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SEC finally issues guidance on when an ICO token is a security
Having to register as a security offering puts substantial limitations on the reach of an ICO
The Securities and Exchange Commission on Wednesday released its long-awaited (and long-promised) “plain English” guidance designed to help determine if initial coin offerings (ICOs) must register as securities.
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Must-reads for September 26, 2018: Bitmain’s IPO filings, Dimon does blockchain, and other fun reads
Here are the crypto stories you should be watching today
The World’s Biggest Crypto Company Just Opened the Books for Its IPO (Bloomberg) If the word “Bitmain” isn’t aready synonymous in your head with “Bitcoin,” it’s time that it is. The China-based company makes the bulk of the ASIC mining machines that mine Bitcoin and other cryptocurrencies. And mining groups controlled by Bitmain oftentimes control more than half of all of Bitcoin’s network hashrate. It turns out mining all that crypto is equivalent to mining fiat. Bitmain, which on Wednesday filed to go public in Hong Kong, had a $742.7 million profit on $2.8 billion in revenue in the first half of 2018. Its return on equity is close to…
