Category: Cryptocurrency

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EDT
On Feb. 6, 2020, Commissioner Hester M. Peirce proposed a safe harbor for security token offerings. This safe harbor will exempt cryptocurrency and blockchain from federal securities registration regulations provided they satisfy certain conditions. This has been received very well in the digital currency community which was starving for some attention from policy makers. But
EDT
Over the last few months, the Securities and Exchange Commission (SEC) announced settled charges against a few different companies that sold security tokens in initial coin offerings (ICOs). Since the ICO tokens were not registered or unregistered offerings, the companies violated section 5 of the Securities Exchange Act of 1934 (“Exchange Act”). SEC Settles Unregistered