• SEC
    Alt coins,  United States

    Outraged Kik blasts SEC lawsuit

    Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.

  • Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Bitcoin,  Cryptocurrencies,  Libra,  Politics,  United States

    Analysis: Cryptocurrency experts tell Senate innovation requires regulation

    In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation

    A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.

  • 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).
    Ethereum,  United States

    SEC allows gaming startup to sell tokens without registering them as securities

    The no-action letter issued to Pocketful of Quarters requires that the tokens cannot be sold by the general public

    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.