SEC

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This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification

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A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on … Read more

SEC Official Criticizes State of ICO Industry, Open to Regulated Future

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United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov  SEC … Read more

Cryptocurrency Market Manipulation Is Rife – But Does Anyone Care?

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From pump and dump groups to insiders trading on esoteric knowledge, market manipulation is rampant within the cryptocurrency space. While some of it is illegal, most of the activity is either legal or quasi-legal, falling into the sea of grey that separates lawful land from unlawful territory. Everyone knows that market manipulation is endemic. The … Read more

New Data Depicts the Explosion in Token Sales

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It’s no secret that token sales have grown exponentially since the start of last year. The extent to which the industry has mushroomed, however, can be hard to visualize in a space where figures referencing billions in capital are casually tossed around. Newly released data reveals the astronomical growth of ICOs and shows the rise … Read more

In the Securities Era, ICOs Pleading Ignorance Have No Place to Hide

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ICOs seeking to crowdfund their big idea have a quandary: should they register their token as a security, complete with the expense, delays, and paperwork this entails, or should they brand it a utility and hope the SEC doesn’t come after them? Last year, virtually everything was labeled a utility and SEC-compliant crowdsales were almost … Read more

Former CFTC Chair: Ethereum and Ripple Are Non-Compliant Securities

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Ethereum’s Ether and Ripple’s XRP should be categorized as non-compliant securities, according to the former head of the Commodity Futures Trading Commission (CFTC), Gary Gensler. Bitcoin is exempt from this categorization, Gensler added in an interview with The New York Times. ETH And XRP Trading Illegally The man who was in charge of the CFTC from … Read more