Securities

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XRP Is Not a Security, Except For When It Is

19 Jul 2023 5 minute read 4 comments Allen Taylor

On July 13, 2023, U.S. District Judge Analisa Torres ruled partially in favor of Ripple Labs and partially in favor of the Securities and Exchange Commission (SEC) to settle once and for all whether XRP is a security. Here's how the judge ruled: XR...

Cryptocurrencies Are More Than Just A "Security", Here's Why

8 Jun 2023 8 minute read 0 comments Pizzadren

What a week it has been. In my previous weekly bits, the SEC has charged Bittrex for operating an unregistered securities exchange. Now, the SEC cracking down on two of the biggest and most popular crypto exchanges in the world in Binance & Coinbase,...

Coinbase Investigated by the SEC

5 Aug 2022 4 minute read 1 comment MintDice.com

In July 2022, American’s woke up everywhere to the headline that Coinbase, a popular cryptocurrency trading app, is under scrutiny from the SEC. The headlines officially said it was under investigation for selling illegal securities, but what does th...

These 2 Lawsuits and 1 Congressional Bill Could Determine if Cryptocurrencies Are Securities

10 Jun 2022 4 minute read 0 comments Allen Taylor

Earlier this week, a bi-partisan bill addressing the nature of cryptocurrencies seeking to define individual coins and tokens as either securities or commodities entered the national discussion on cryptocurrencies. The National Law Review has made so...

The SEC Case Against Ripple: 2022 Update

7 Mar 2022 4 minute read 6 comments MintDice.com

In 2020, the world was shocked when the SEC announced it was filling a case against the creators of Ripple, accusing them of illegally raising an unprecedented $1.3 billion in funds for the sale of their cryptocurrency. This announcement was detrime...

Securities Trade Cycle Tear Down to Modernize on Blockchain

8 Jan 2021 6 minute read 5 comments Craig Borysowich

One of the more complex systems we have in finance is issuing, buying, selling, settling, and running corporate stock offerings on a public exchange.  Because of how this process was created to facilitate the exchange of money for securities, the tra...

China Bank Halts $3B Blockchain Bond

24 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

On Nov. 23, China’s second largest bank, the China Construction Bank (CCB), withdrew its listing of $3 billion in debt securities on the blockchain, according to an announcement from partner exchange Fusang. The Fusang exchange said that the CCB had...

Blockstack Token Gives Hands Million STX Tokens to Stacks Foundation as Decentralization Plans Come Into Place

11 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Blockstack PBC filed a notice with the United States Securities and Exchange Commission (SEC) on August 10 that explains how it plans to decentralize the network. The notice was accompanied by a blog post explaining the effort. Blockstack was the fi...

EOS Faces Another Lawsuit Over ICO

19 May 2020 2 minute read 1 comment Abhimanyu Krishnan

EOS ICO investors have filed a class action lawsuit in a case of securities fraud against EOS developer Block.one and leadership on May 18, according to official documents. Crypto Assets Opportunity Fund LLC and Johnny Hong filed the complaint in the...

Regulation of STOs

4 May 2020 4 minute read 1 comment JamesIrving

    Judging by the frequency of court cases in the United States involving the promoters of ICOs and STOs, there is either some confusion among token and coin promoters about the application of securities regulations, or there is a reluctance to com...