In one of its highest profile enforcement actions to date, the Securities and Exchange Commission sued Kik Interactive today, claiming it illegally raised $100 million through an initial coin offering in 2017 without registering as a security.
Crypto browser Brave’s Chief Policy & Industry Relations Officer Johnny Ryan testified Tuesday at the U.S. Senate Judiciary Committee in favor of restricting advertiser’s access to user’s personal data. The hearing on “Understanding the Digital Advertising Ecosystem and the Impact of Data Privacy and Competition Policy” was a big step forward to helping the older folks who make our internet laws understand the impact they have on the future.
The Securities and Exchange Commission’s much heralded “plain English” guidance on what makes an ICO a security wasn’t the good news many people thought it was. That is, wrapped in nicer language, the conclusion reached on May 16 by the Wall Street Blockchain Alliance, which had 11 attorneys and its chairman, Ron Quaranta, studying the document for nearly six weeks.