• SEC settlement Kik
    Alt coins,  Cryptocurrencies,  Opinion,  Regulation

    Citing SEC settlement Kik moves forward with Kin token

    Unfortunately, the Securities and Exchange Commission and Kin Foundation appear to have different opinions over whether KIN is still a security

    With the legal uncertainty finally over, Kin is poised to thrive as an active blockchain ecosystem, the Kin Foundation said. But, there seems to be some disagreement between the SEC and the Foundation over the status of the KIN token.

  • Telegram drops Gram trademark
    Alt coins

    In a coda to its failed TON blockchain project, Telegram abandons trademark suit

    Telegram paid one last time—to a competitor—for the death of its plan to distribute $1.7 billion in Gram tokens at the hands of the SEC

    The messaging service turned blockchain developer dismissed its lawsuit against crypto firm Lantah, which plans to use Grams as the name of its own tokens. The decision is presumably the result of Telegram abandoning the project that would use the trademark following its settlement with the U.S. Securities and Exchange Commission (SEC).

  • 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.

  • CFTC strategic plan
    Regulation

    CFTC’s new strategic goals are good news for crypto… and bad

    The commission wants a ‘holistic framework’ to promote innovation in digital assets, but it also plans to come down hard on those who break the rules

    The goal that will be of most interest to crypto-focused firms is the third one: to encourage innovation and enhance the regulatory experience for market participants at home and abroad. This will undoubtedly be music to the ears of international businesses that have ended up being bogged down with red tape and regulatory uncertainty.