Recent SEC enforcement actions target cryptocurrency businesses that provide "securities without registration." Investors are left with numerous unanswered issues and confusing laws due to the regulatory assault. Below, we present to you the most recent instance of the same.
Plan Hagerty, a senator from the United States, unveiled a bill to offer a safe harbour for cryptocurrency exchanges operating in the nation. By passing the law, bitcoin exchanges would be exempt from "some" SEC legal actions.
Both the U.S. Securities and Exchange Commission and Ripple Labs submitted applications for summary judgement, contending that the judge presiding over the case had access to sufficient data to render a decision without requiring a trial. The Ripple and SEC dispute will be settled with the filing of a "summary judgement."
Chicago Crypto Capital, its owner, Brian Amoah, and salesmen Darcas Oliver Young and Elbert Elliott are being prosecuted for their illegal sale of BXY tokens to investors who had no prior crypto experience or knowledge.
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