• New Jersey regulate crypto
    Politics,  Regulation

    Head start for bill to regulate New Jersey crypto companies

    A well-connected sponsor and the opportunity to poach New York-based companies gives the ‘even-handed’ bill a head start

    A new bill seeking to regulate New Jersey crypto companies working with digital assets and financial services is a big improvement over last year’s version, industry insiders said this week.

  • New Jersey Attorney General Gurbir Grewal. Photo by Nikita Biryukov for the New Jersey Globe.
    Alt coins,  United States

    New Jersey Sues Pocketinns over unregistered token offering

    Attorney General Gurbir Grewal said the blockchain-based rental marketplace failed to register as a security

    New Jersey got in on the cryptocurrency offering enforcement action on July 18, suing blockchain-based online rental marketplace Pocketinns for an unregistered sale of securities last year.

  • Steven Seagal
    Alt coins,  Bitcoin,  Ethereum,  Media,  United States

    Steven Seagal’s crypto marked for death by New Jersey

    Coin promoted by cheesy action star under siege by state regulators for being in dark territory

    It’s hyped, involves of millions dollars, and has Steven Seagal. It’s not another box office bomb but a new cryptocurrency that, like a Seagal movie, is a hot mess just days before its release. Only this time, it’s New Jersey’s government and not angry studio execs trying to pull the plug. The Asbury Park Press reported Wednesday that New Jersey’s Bureau of Securities has ordered the company pushing “Bitcoiin” (yes, that’s an extra “i” and, no, it’s not bitcoin) to stop selling its token ahead of its ICO to investors in the state. The regulators deem it an unregistered security. The guys (really, it’s almost always guys) behind Bitcoiin hired…

Subscribe to the
MODERN CONSENSUS Newsletter