SEC Charges NovaTech, Alleges Pyramid Scheme
The SEC has charged NovaTech, and key individuals, accusing them of orchestrating a massive $650 million fraud.
Terra’s Do Kwon Found Liable In Fraud Case
A US court has found Terraform Labs PTE Ltd. and its founder Do Kwon liable for defrauding investors in a multi-billion dollar crypto asset securities case.
2023 Sets Record For Anti-Crypto Enforcement By SEC
A report released by litigation consulting firm Cornerstone Research found that the USA’s top securities watchdog, the Securities and Exchange Commission (SEC) brought a total of 46 cryptocurrency-related enforcement cases in 2023.
Crypto ‘Mom’ Hester Peirce Slams SEC for Stoner Cats Actions
SEC commissioner Hester Pierce has come out against her own agency for its heavy-handed approach to crypto enforcement, which she says is unjustified and is stifling innovation
Celsius Founder Charged With Fraud
The SEC has filed fraud and other securities charges against Celsius Network Limited and its founder, Alex Mashinsky.
BlackRock and Coinbase combine for a blockbuster Bitcoin ETF application
Bitcoin has reached new highs for 2023, breaking above $30,000 with strong momentum coming from news of BlackRock’s Bitcoin ETF application. The BlackRock ETF is given good odds of being approved, this article looks at why.
Regulatory Pressure Heats Up – Crypto In the Firing Line
The U.S. is continuing to ramp up the regulatory pressure on crypto assets. With multiple lawsuits, conflicting definitions of digital assets from different agencies, and a new anti-crypto campaign led by Elizabeth Warren, what is the future of crypto in the U.S.?
When #ad Is Not Enough
Kim Kardashian has recently joined the parade of celebrities targeted by financial regulators worldwide for their crypto endorsements. Here, IP attorneys Bryan Sterba and Matthew Savare explain what’s required to stay on the right side of the law when you’re being paid to shill crypto.
Nexo Stops Offering Earn Product to New U.S. Customers
In the wake of the recent $100 million BlockFi settlement with the SEC, and as the wider crypto-lending sector considers how to respond, Nexo has moved quickly - announcing it will no longer offer interest-bearing accounts for new U.S. customers.
SEC commissioner Hester Peirce proposes 3-year safe harbour provision for token projects
SEC Commissioner Hester Peirce wants to give crypto projects a three-year safe harbor allowing time for tokens to work towards passing the SEC’s securities evaluation processes.
SEC fines ICOBox for selling unregistered securities
The crackdown on the sale of unregistered securities continues with the SEC fining the ICO-as-a-service platform, ICOBox, $16 million for the violation of securities laws.
SEC issues IEO investor alert
The SEC issued an investor alert this week urging investors to use caution before investing in initial exchange offerings or IEOs.
Telegram’s rocky road to TON launch date
In 2018, Telegram conducted an ICO that reportedly raised $1.7 billion dollars. The private token sale involved the sale of GRAM tokens through SAFT agreements to accredited and institutional investors. The SEC deems the ICO a sale of unregistered securities.
Telegram founder to appear in U.S. court over GRAM token sale
A U.S. court has ruled that three Telegram employees - including CEO Pavel Durov - should testify in the case filed against the company by the Securities Exchange Commission.
SEC halts Telegram token sale, labels ‘Grams’ as securities
The SEC has taken abrupt action to halt the Telegram token sale just weeks before the company planned to launch its ‘Gram’ token. The crowdsale, which raised over $1.7 billion from institutional and accredited investors in the form of SAFT agreements, may have constituted the sale of an unregistered digital token offering.
Block.one settles with the SEC
Block.one has been fined $26 million by the U.S. Securities and Exchange Commission over its unregistered 2017 Initial Coin Offering. The fine is being interpreted as sending a mixed signal.
