If NFTs are securities, then maybe OpenSea is an unregistered securities exchange. “Non-fungible token (NFT) marketplace OpenSea received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on […]
If NFTs are securities, then maybe OpenSea is an unregistered securities exchange. “Non-fungible token (NFT) marketplace OpenSea received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on […]
It turns out that even the government is prohibited from misleading the court, at least sometimes. “In Monday’s decision, Shelby denied the SEC’s request, citing multiple instances of “bad faith” conduct and finding the agency responsible for a “gross abuse […]
“It makes me angry that with all the scams in the crypto world, the SEC chose to go after a working product with real customers and users. No one, not the customers, the content creators or the investors has benefitted […]
I have not been closely following this case and also am not an attorney, so it’s surprising to me that the problem was sales to professional investors rather than consumers. But there’s some logic buried within. “Institutional sales of the […]
First they filed charges against Binance, and then against Coinbase the next day. They’re miffed about the exchanges not registering with them, but also did not make any reasonable form of registration available to them. I expect plenty of expert opinions and commentary […]
Matt Levine explains in vivid detail the trap that is the US regulatory environment, and the sense of scary foreboding that other US crypto exchanges might be experiencing these days. ~ learn more (open in incognito if paywalled)
Once again the key here is that they’ve successfully navigated the SEC review process, making it a legal securities offering. “Freeport will launch its platform for fine-art investing, starting with 4 iconic Warhols from collectors including the legendary Baby Jane […]
Then the SEC Chairman Gary Gensler goes on TV to say that it would’ve all just been so simple had they completed the right paperwork. Tweet below from Kraken’s CEO.
“The SEC is starting to take action while the scams are getting bolder. So enjoy a little Sunday school lesson in digital con artistry (and maybe a tiny bit of schadenfreude) as we highlight the 11 biggest crypto scams and […]