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Browse: Home / ICOs

ICOs

SEC Cashed in Big from Crypto ICOs in 2020 | Coinspeaker

By Securities Docket on November 12, 2020, 9:59 am

The report noted that the record-breaking sum of money was realized by the Enforcement Division of the US Securities and Exchange Commission and they were proceeds from illegal income bordering on the activities of Wall Street firms, insider trading fines, ICOs amongst others. As highlighted, about $1.26 billion dollars was accrued from SEC nabbed unregistered […]

Posted in SEC, Top | Tagged ICOs

Crypto faces ‘The man who took on Wall Street’ | Modern Consensus.

By Securities Docket on April 10, 2020, 8:07 am

Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits over their initial coin offerings last week. The cases were filed on April 3, the last day possible under the statute of limitations. That was a year to the day after the U.S. Securities and Exchange Commission issued its […]

Posted in Industry, Top | Tagged Cryptocurrency, ICOs

Takeaways From the SEC’s Fight with Steven Seagal | LinkedIn

By Securities Docket on March 3, 2020, 8:50 am

Last week, the U.S. Securities and Exchange Commission (SEC) announced that actor and famed martial artist Steven Seagal pumped up an initial coin offering (ICO) without telling investors he was getting paid a promotional fee to do so. Much like two prior 2018 SEC enforcement actions against Floyd Mayweather and  DJ Khaled, the SEC’s Seagal enforcement action came as no […]

Posted in SEC, Top | Tagged ICOs

Actor Steven Seagal Charged With Unlawfully Touting Digital Asset Offering

By Securities Docket on February 27, 2020, 10:23 am

The Securities and Exchange Commission today announced settled charges against actor Steven Seagal for failing to disclose payments he received for promoting an investment in an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G). The SEC’s order finds that Seagal failed to disclose he was promised $250,000 in cash and $750,000 worth of B2G tokens […]

Posted in SEC, Top | Tagged ICOs

SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering

By Securities Docket on October 14, 2019, 10:49 am

According to the SEC’s complaint, Telegram Group Inc. and its wholly-owned subsidiary TON Issuer Inc. began raising capital in January 2018 to finance the companies’ business, including the development of their own blockchain, the “Telegram Open Network” or “TON Blockchain,” as well as the mobile messaging application Telegram Messenger. Defendants sold approximately 2.9 billion digital […]

Posted in SEC, Top | Tagged ICOs

SEC Charges Issuer With Conducting $100 Million Unregistered ICO

By Securities Docket on June 4, 2019, 1:28 pm

The Securities and Exchange Commission today sued Kik Interactive Inc. for conducting an illegal $100 million securities offering of digital tokens.  The SEC charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws. via SEC.gov | SEC Charges Issuer With Conducting $100 Million […]

Posted in SEC, Top | Tagged ICOs, Kik

Judge Reverses Blockvest Decision: ICOs Are Securities | LinkedIn

By Securities Docket on February 15, 2019, 10:18 am

In an ICO St. Valentines Day Massacre, the Honorable Judge Gonzalo Curiel of the United States District Court for the Southern District of California reconsidered and reversed his November 2018 Blockvest decision, sending a powerful message about the illegality of so-called initial coin offerings. As an early critic of Judge Curiel’s original Blockvest opinion (before […]

Posted in SEC, Top | Tagged ICOs

Meet the lawyers who pivoted from defending DUIs to advising initial coin offerings – MarketWatch

By Securities Docket on January 29, 2019, 4:40 pm

In 2017, a pair of young Houston lawyers focused on defending drunk drivers. The next year, they pivoted to initial coin offerings. Houston attorney Adam J. Wolfe signed at least 14 Form Ds for 9 different cryptotoken-related ventures as the “legal counsel” in 2018. Based on a MarketWatch analysis of ICO-related fundraising activity related to […]

Posted in SEC, Top | Tagged ICOs, Lawyers

Are ICO Tokens Securities? Startup Wants a Judge to Decide – WSJ

By Securities Docket on January 28, 2019, 8:47 am

Social-media startup Kik Interactive Inc. of Waterloo, Ontario, plans to fight an expected enforcement action from the Securities and Exchange Commission over a 2017 initial coin online offering, Chief Executive Ted Livingston told The Wall Street Journal, setting the stage for a legal battle that could have broad ramifications for the digital-currency market. The SEC’s […]

Posted in SEC, Top | Tagged ICOs

Five Hidden Takeaways from the Khaled and Mayweather SEC Orders | LinkedIn

By Securities Docket on December 12, 2018, 3:59 pm

Never in the history of U.S. securities regulation has there been more distortion, spin and deception than in the crazy, mixed-up world of initial coin offerings (ICOs). Imagine an entire industry rising up where just about everything related to that industry is blatantly unlawful and often flat-out fraudulent. That is the nature of the ICO space and […]

Posted in SEC, Top | Tagged ICOs

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