The summary judgment in favor of the SEC was issued on November 7, 2022 and the only issues addressed were whether LBRY did offer its LBC token in violation of securities laws (as an unregistered security without asserting any exemption…
Is the Solana (SOL) token a security and was it issued in violation of US securities laws? This is exactly what the class action lawsuit filed July 1st, 2022 claims, to include violations of California securities laws. All Solana principals…
Initial Coin Offerings are well known by most to provide funding to a blockchain project before it is viable or at least before it is operational, while a reverse ICO is defined as the integration of a blockchain protocol into…
The Howey test involves an analysis of a given token offering to assess whether or not it should be treated as a ‘security’ under US securities laws and sold only to a certain pool of high net worth investors, or…
William Hinman head of the Division of Corporate Finance at the SEC has today announced that the SEC does not consider Bitcoin (BTC) or Ethereum (ETC) to be securities subject to US securities laws. The reasoning provided by the SEC…
The Securities and Exchange Commission has taken an unprecedented step in creating a fake website which purports to raise funds for a hypothetical Initial Coin Offering venture. Apparently, it is designed to educate the ignorant masses regarding ICO scams; however,…
AriseBank’s $600 million ICO has been taken down by the SEC which has now formed an intra-agency unit devoted exclusively to researching and shutting down ICOs which violate US securities laws. Tether is a now a high risk token which…