unregistered security
SEC Charges App Developer Abra for Unregistered Security-Based Swaps
Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.
SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP
The SEC has filed a lawsuit against Ripple Labs Inc. for offering unregistered “digital asset securities” through which $1.3 billion was raised.
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.
US Should Register Ripple’s XRP Token as a Security, Says Market Expert Peter Brandt
The question of whether Ripple’s XRP token should be classified as a security remains unclear and has been debated upon.
Ripple’s XRP Is Not a Security in Its Current Form, says Cardano Founder Charles Hoskinson
Cardano creator Charles Hoskinson mulls over XRP and says that it is decentralized enough today for it to not be classified as a security.
SEC Charges Rapper T.I. for Role in Alleged Fraudulent ICOs
The SEC filed a complaint against T.I and four other individuals for selling unregistered and fraudulent cryptocurrency securities for two firms.
SBI Holdings Supports Ripple, says that XRP is not a Security in Japan
While many in the crypto industry have moved away from XRP, SBI Holdings has made it clear that it is still a firm supporter of Ripple.
US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO
US Judge Alvin Hellerstein rules in favor of the Securities and Exchange Commission in the regulator's lawsuit against Kik’s 100 million 2017 ICO.
Enigma Settles With US SEC Over Unregistered 2017 ICO
The US Securities and Exchange Commission (SEC) recently announced it has settled charges against blockchain startup Enigma MPC.
Cryptocurrencies Added to the List of Top Threats to Investors by Texas Security Board
According to the latest Texas Investors Guide, Texas regulators have added cryptocurrencies to the list of top threats to investors. In an edition of the states Securities Board's “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulatory body included cryptocurrencies to the list of investments with potential red flags. The report described cryptocurrencies as extraordinarily volatile and challenging to grasp for people who are not professional traders.
Ethereum Co-Founder Buterin’s Ether Sales More Like a Security Offering than XRP, Attorney Argues
In the Securities and Exchange Commission's lawsuit against Ripple Labs, many XRP proponents have argued that the cryptocurrency bears resemblance to Ethereum (ETH) and should therefore receive a similar regulatory treatment.
Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security
Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. The partnership is expected to boost Peertec’s infrastructure security using blockchain technology. The safety of its GDAC cryptocurrency exchange and services is also expected to be strengthened.
DLA Piper: Security Tokenization in Hong Kong
Security tokenization is the representation of fractional interests in an asset using blockchain. A security token derives its value from an underlying asset, such as a work of art. This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.