SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token. Go to Source Powered by WPeMatico
Securities offering
Auto Added by WPeMatico
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.” Go to Source Powered by WPeMatico
Ripple CEO: SEC Lawsuit Over XRP ‘Has Gone Exceedingly Well’
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s important for the entire crypto industry in the United States.” Ripple’s CEO Comments on SEC … Read more
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the … Read more
SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands. Go to Source Powered by WPeMatico
