The United States Securities Exchange Commission (SEC) has adopted a blockchain forensics tool. Despite seemingly favouring the tech, the agency is not so friendly about the product backed by this tech, namely cryptocurrency.
The United States Securities and Exchange Commission (SEC) has been showing hostility to the cryptocurrency businesses. While pressing hard on some projects including Telegram’s TON network and Bitcoin ETF proposals, the regulator fails to establish regulatory clarity within the industry.
Steven Seagal will pay $314,000 to settle allegations of unlawful cryptocurrency advertising, the US Securities and Exchange Commission (SEC) said. In 2018, the actor on social networks urged people not to miss the opportunity to participate in the initial public offering of cryptocurrency (ICO) Bitcoiin2Gen (B2G).
A man from Ohio, USA, is facing charges which could see him refund up to $33 million for violating US federal anti fraud regulations set by the US Securities and Exchange Commission (SEC). SEC revealed that Micheal W. Ackerman is indicted for fleaching more than $33 million from about 150 investors subscribed to his cryptocurrency platform.
Blockchain initiatives could get a 3-year immunity or grace period from U.S. securities laws to create distributed systems. As per the latest Safe Harbor application by Hester Peirce, U.S. SEC Commissioner.