• Former CFTC Chairman Chris Giancarlo and SEC Commissioner Hester Peirce
    People,  Regulation

    Crypto Mom tells SEC to go easy on her ICO offspring

    SEC Commissioner Hester Peirce wants to give initial coin offering projects a three-year grace period before securities laws kick in

    SEC Commissioner Hester Peirce has unveiled her proposal to implement a "safe harbor" for crypto startups, allowing them a three-year grace period after their initial coin offerings to achieve a level of decentralization sufficient to pass the Howey test. 

  • Stock graph with upward trend, symbolized with a penny
    Bitcoin,  People

    WB21 client pleads guilty to $165 million penny stock fraud

    Roger Knox laundered funds through WB21, a payment processor allegedly holding $9 million of cryptocurrency exchange QuadrigaCX’s lost funds

    Roger Knox pleaded guilty to a $165 million pump-and-dump on Jan. 13. He allegedly processed the ill-gotten gains via Michael Gastauer's WB21.

  • Capitol Building on Capitol Hill in Washington DC
    Regulation,  United States

    Blockchain Association, Chamber of Digital Commerce support Telegram

    The two advocacy groups submitted amicus briefs to the court. One opposes the SEC’s lawsuit; the other asks the agency to do a better job defining digital assets

    The Blockchain Association and the Chamber of Digital Commerce, two Washington, D.C. based-advocacy groups focused on blockchain and digital assets, filed amicus briefs Tuesday in the U.S. Securities and Exchange Commission's case against messaging app Telegram.

  • Cryptocurrencies,  Regulation

    SEC warns investors about initial exchange offerings

    IEOs are the new ICOs, and the financial watchdog wants investors to take heed

    The Securities and Exchange Commission issued an alert Tuesday, urging investors to proceed with caution before investing in IEOs through online trading platforms—which often tout themselves as exchanges—especially when those platforms are located overseas.