• Tezos settles class action
    Alt coins,  Regulation

    Tezos pays $25M to settle securities law class action suit

    The funds will be distributed among “all persons and entities” who have participated in the 2017 Tezos’ initial coin offering

    The legal fight in question concerns the $232 million initial coin offering (ICO) that the Tezos team held in 2017, during the ICO craze. The lawsuit alleges that the coin distribution was an unregistered securities offering.

  • SEC accredited investor rule change
    Cryptocurrencies,  Regulation

    You no longer need daddy’s Ferrari to be considered a sophisticated investor

    A Securities and Exchange Commission rule change pries open the door to letting the non-wealthy invest in the private capital markets favored by post-ICO crypto startups

    Ever since the agency’s crackdown on initial coin offerings, the only way to participate in the private capital markets used to raise money for startups is to meet the definition of an “accredited investor”—which boiled down to “be a millionaire” for individuals and “entities” with at least $5 million.

  • Hester Peirce SEC nomination
    Cryptocurrencies,  Regulation

    “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.

  • institutional FOMO behind PayPal-Paxos
    Bitcoin,  Cryptocurrencies

    Is institutional FOMO behind rumored PayPal-Paxos partnership?

    Reports say the payment giant’s rumored team-up with the Paxos Trust Company is a sign of growing fear of missing out by big financial institutions that could that could take bitcoin mainstream

    PayPal’s rumored plans to offer cryptocurrency purchases to its hundreds of millions of users appear to be gathering pace in what could be the latest example of a growing trend—fear of missing out on digital assets by traditional financial institutions.

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