Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.
The Commodity Futures Trading Commission (CFTC) is losing one of its top blockchain-friendly officials to the private sector. Daniel Gorfine, the agency's first chief innovation office and the director in charge of LabCFTC, is quitting the agency in two weeks to go back to the private sector. There is no word yet where he is going.
An hour after Chou accused the Commodity Futures Trading Commission (CFTC) regulator of acting in bad faith and being in the pocket of one of the largest companies it oversees, RGPR agency founder Ryan Gormley took to twitter with a message of his own.
Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.