crypto

The U.S. Securities and Exchange Commission (SEC) is launching a new division with the goal of making it simpler for fintech startups – including those launching initial coin offerings – to navigate the legal implications of their products. Announced Thursday, the Strategic Hub for Innovation and Financial Technology (FinHub) will actRead More →

crypto

The Securities and Exchange Commission yesterday filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. U.S. authorities, including the FBI, have come down against securities dealer 1Broker for allegedly coming into conflict withRead More →

crypto

Back in mid June, SEC Commissioner William Hinman, publicly stated that Ethereum (ETH) was not a security. Commissioner William Hinman, who is the Divisional Head of Corporate Finance at the regulatory body, made the remarks at the Yahoo All Markets Summit in San Francisco. To be specific, he stated the following with regardsRead More →

crypto

The Financial Industry Regulatory Authority (FINRA), a non-profit watchdog for public brokerage firms in the U.S., has had its first run-in with the cryptocurrency industry. The self-regulatory organization is filing a complaint against a Massachusetts man for “the unlawful distribution of an unregistered cryptocurrency security called HempCoin.” Timothy Tilton Ayre, FINRA alleges,Read More →