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The U.S Securities and Exchange Commission is believed to have issued dozens of subpoenas to ICOs in its quest to uncover evidence of securities fraud. Not only has it come after the startups themselves, but it’s reported to have subpoenaed their legal counsel too, as it pursues lawyers who may have facilitated any potential wrongdoing. … Read more
‘Commodities King’ Dennis Gartman has been left with a red face and diminished pension fund after investing in a dubious blockchain company. Shares in Riot Blockchain Inc plunged by 30% following a CNBC investigation, leaving Gartman’s fund in a negative balance for the year to date. The trader has previously described bitcoin as being “nothing … Read more
The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from … Read more
Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission began in earnest at the United States Senate Dirksen office building Tuesday, 6 February. The Committee on Banking, Housing, and Urban Affairs summoned respective Chairs of the US Securities and Exchange Commission (SEC) and US Commodity … Read more
Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective … Read more
There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman … Read more
