New SEC Staff Statement Urges Detailed Crypto Token Disclosures
The SEC staff statement was based on observations about previous disclosures, the agency said.
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The SEC staff statement was based on observations about previous disclosures, the agency said.
This review is part of efforts to ease regulatory pressure on the digital assets sector and may lead to new regulatory frameworks.
As a dozen crypto companies have been freed from enforcement actions and ongoing investigations, Unicoin remains in enforcement limbo.
Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
The Australian crypto company disclosed it had received a Wells notice from the U.S. SEC last November.
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.
In a staff statement published Thursday, the SEC said that both solo mining and mining pool operations would fail the first prong of the Howey Test.
President Donald Trump named Paul Atkins as his pick to lead the agency but no hearing has been scheduled yet to confirm him.
XRP rose 3% in the last hour.
Despite much bullish speculation, the legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs remains, at press … Continue reading
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