An update on news from December 2020.
All tagged cryptocurrency
SEC Files Lawsuit Against Ripple For Unregistered Sale Of Digital Asset XRP
The SEC has filed a lawsuit against Ripple Labs Inc. and two of its executives, alleging the sale of digital assets known as XRP in a years-long unregistered securities offering to investors in the U.S. and worldwide.
FinCEN’s Proposed Cryptocurrency Regulations Target Unhosted Wallets
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network – FinCEN – has issued a notice of proposed rulemaking which proposes new regulations aimed at cracking down on unhosted wallets and subjecting them to know your customer requirements.
News Update: Cryptocurrency & Cryptocurrency Regulation
An update on news related to cryptocurrency and the regulation of digital coins and tokens and cryptocurrency exchanges and trading platforms.
October 2020 - News Update
An update on news from October 2020.
September 2020 News Update
An update on news from September 2020
News Update: Cryptocurrency & Cryptocurrency Regulation
An update on news related to cryptocurrency, the regulation of digital coins and tokens, and cryptocurrency exchanges and trading platforms.
Blockchain of Things, Inc. Reaches Settlement With SEC Over Unregistered Initial Coin Offering, Must Pay $250,000 Fine
The U.S. Securities and Exchange Commission and Blockchain of Things, Inc. (BCOT) have agreed to a settlement over an initial coin offering. The SEC concluded that BCOT violated the Securities Act by offering and selling securities without having a registration statement filed or in effect with the SEC or qualifying for exemption from registration. BCOT must pay a civil monetary penalty in the amount of $250,000.00.
Initial Coin Offering Lawsuit: SEC v. Kik
The U.S. Securities and Exchange Commission has filed a lawsuit against Kik Interactive Inc. for the offer and sale of unregistered securities. In its complaint, the SEC alleges that Kik, over a five-month period in 2017, offered and sold one trillion digital tokens called “Kin.” This initial coin offering, the SEC alleges, violated Section 5(a) and (c) of the Securities Act of 1933.
Cryptocurrency Investor Files SIM Swap Lawsuit Against AT&T
Cryptocurrency investor Michael Terpin has filed a lawsuit against wireless provider AT&T for failing to prevent a fraudulent SIM swap on his account, which Mr. Terpin alleges resulted in the loss of $24 million in cryptocurrency. Mr. Terpin claims he fell victim to SIM swap fraud at the hands of criminals working directly with an AT&T employee.