In the wake of a lawsuit by the U.S. Securities and Exchange Commission, messaging service Telegram told backers that it would likely postpone the public launch of its Gram token.
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Rep. Alexandria Ocasio-Cortez (D-NY) questioning Facebook's David Marcus on Libra before the House Financial Services Committee, July 17, 2019 (via C-SPAN).News analysis: Less-hostile House politicizes Facebook Libra debate
Facing questions about speed and power, David Marcus refused to make promises about the cryptocurrency
Facebook’s David Marcus got a warmer reception from the House yesterday than he did in the Senate on Tuesday. Not that it was friendly, but the questions focused more on the power Facebook would gain from its Libra cryptocurrency, and getting Marcus to commit to working at the pace of Washington, D.C., not Silicon Valley.
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Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).SEC’s long-awaited ICO guidance didn’t change anything, says Wall Street Blockchain Alliance’s Joshua Klayman
Crypto investors who thought the agency’s plain English guidance would suddenly free them from securities laws were unrealistic
The Securities and Exchange Commission’s much heralded “plain English” guidance on what makes an ICO a security wasn’t the good news many people thought it was. That is, wrapped in nicer language, the conclusion reached on May 16 by the Wall Street Blockchain Alliance, which had 11 attorneys and its chairman, Ron Quaranta, studying the document for nearly six weeks.
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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.
