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.

USDA ReConnect Program Broadband Funding Awards

The U.S. Department of Agriculture’s $600 million ReConnect Pilot Program provides loans, grants, and loan/grant combinations to construct broadband infrastructure in areas of rural America that lack access to broadband service. To date, USDA has provided awards for 25 projects totaling $229,630,148 in funding for high-speed broadband infrastructure in 17 U.S. states. The funded service areas include a total of 44,833 households.

November 2019 News Update

An update on news from November 2019.

FCC Announces Precision Agriculture Connectivity Task Force – Nominations For Working Groups Due December 3rd

FCC Chairman Ajit Pai has announced the appointment of members to serve on the Task Force for Reviewing the Connectivity and Technology Needs of Precision Agriculture in the United States. The Task Force will hold its first meeting on Monday, December 9, 2019, at 9:30am. Nominations for membership on one of the Task Force’s four working groups should be submitted to the FCC no later than December 3, 2019.

GAO Says FCC Should Make A-CAM Mandatory For All Rate-Of-Return Carriers As Part Of Antifraud Strategy

The U.S. Government Accountability Office has issued a report on its investigation of potential fraud risk in the FCC’s universal service high-cost program that supports rate-of-return carriers. Among other things, the GAO report recommends that the FCC assess the A-CAM support mechanism to determine the extent to which it produces reliable cost estimates and consider making its use mandatory all for rate-of-return carriers.