The proposal comes three weeks after Hellerstein handed down a summary judgment finding that Kik’s $100 million ICO was an unregistered and illegal securities offering. He decided that the offering for Kin tokens had met the three-part Howey test, which assesses whether there is an investment of money in a common enterprise with profits to be derived solely from the efforts of others.
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Online gaming platform with A-list investors killed by SEC
Ashton Kutcher and Mark Cuban were among the investors in Unikrn, which is paying a $6.1 million penalty that is ‘substantially all of the company’s assets’ and disabling its tokens
The U.S. Securities and Exchange Commission’s unrelenting crackdown on unregistered initial coin offerings has claimed another victim—this time, an online gaming and gambling platform that attracted a star-studded list of investors.
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SEC Commissioner Hester Peirce called for a more innovation-friendly environment for crypto firms in a Senate Banking Committee hearing (Photo: U.S. Senate)“Crypto Mom” tells Senate crypto is here to stay
At a hearing for a second term on the Securities and Exchange Commission, Hester Peirce called for clearer regulations on selling cryptocurrencies, and took issue with the project-killing lawsuit against Telegram
Speaking at a hearing on her nomination for a second term on the Commission, the Republican appointee promised to “redouble” her effort to create such an environment in order to spur innovation and attract new entrants to the industry.
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As Bitcoin ETF foil Jay Clayton departs the SEC, there are no tears in Cryptoville (Photo: YouTube/CNBC)Jay Clayton’s leaving the SEC. Could this be crypto’s big break?
There are hopes that his successor as SEC commissioner will increase the likelihood of a Bitcoin exchange-traded fund finally being approved
SEC chairman Jay Clayton has been nominated as high-powered position as the U.S. Attorney for the Southern District of New York. Now, nerves are growing as to who will be tapped to take on his regulatory role, where he has been a persistent thorn in the side of Bitcoin and cryptocurrency boosters.
