SEC


Finance

Sovrin Foundation Sheds All Paid Staff in Tale of a Token Issuance Gone Wrong

The Sovrin Foundation, a digital ID non-profit, laid off all paid employees after failing to secure funding for an SEC-compliant token issuance.

(Shutterstock)

Policy

Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering

Telegram has settled its six-month court case with the SEC, agreeing to pay $18.5 million in penalties and to notify the agency if it plans to issue another digital asset in the next three years.

Telegram CEO Pavel Durov (TechCrunch)

Markets

New York US Attorney Geoffrey Berman Steps Down, President Trump Nominates SEC Chair Jay Clayton to Post [Updated]

SEC Chairman Jay Clayton has been nominated to become the U.S. Attorney for the Southern District of New York, replacing U.S. Attorney Geoffrey Berman, who said he had not resigned.

Former SEC Chairman Jay Clayton (CoinDesk archives)

Markets

SEC Claims Brothers Lied About Digital Asset Fund Performance, Used Profits for Personal Use

The U.S. Securities and Exchange Commission moved Friday to halt an allegedly fraudulent digital asset investment fund run by two Pennsylvania brothers.

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Markets

Three Arrows Capital Now Holds More Than 6% of Grayscale's $3.6B Bitcoin Trust

Three Arrows Capital now holds about 6.26% of the shares in the Grayscale Bitcoin Trust, or more than 20,000 bitcoins' worth.

Road directional arrows (The Image Bank RF/Getty Images)

Markets

SEC Moves to Freeze Assets of Alleged $12M Crypto Investment Scam

The SEC is trying to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that it claimed bilked investors of $12 million.

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Markets

SEC 'Crypto Mom' Hester Peirce Tapped for Second Term at US Regulator

SEC Commissioner Hester Peirce has reportedly been nominated to another five-year term at the agency.

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Policy

BitClave Search Engine Agrees to Pay Back $25M ICO in Settlement With SEC

BitClave will pay back over $25 million in a settlement with the SEC stemming from a 2017 token sale.

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Markets

US Court Freezes Assets Linked to Alleged $9M ICO Scam

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale.

Credit: Shutterstock

Policy

Telegram Quits Court Fight With SEC Over TON Blockchain Project

Telegram has thrown in the towel in its court battle against the U.S. Securities and Exchange Commission and will no longer be appealing the ban on its blockchain token project.

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