Heads up, all people! We’re launching a weekly information recap, so keep tuned after the interview to search out out concerning the high tales in crypto this week! (Hyperlinks beneath.)
Zachary Fallon, principal at Blakemore Fallon and former SEC staffer, explains why the SEC penalty towards Block.One, which raised $four billion in a yearlong ICO, received a penalty of simply $24 million and didn’t need to register EOS tokens as securities. He additionally discusses how this differs from the Kik case, what we will be taught from one other SEC order this week towards Nebulous and what different grey areas stay for potential token issuers who could wish to promote to U.S. residents. We additionally go over the Crypto Ranking Council, and what significance these scores might have on the way in which they’re regulated, if any.
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SEC Order re. Block.One: https://www.sec.gov/
Katherine Wu’s annotated settlement: https://static1.squarespace.
SEC motion on Nebulous: https://www.sec.gov/enforce/
Jake Chervinsky tweet storm on the settlement: https://twitter.com/
Marco Santori tweet storm on the settlement: https://twitter.com/
CRC scores to date: https://twitter.com/lawmaster/