Hiptoro
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming
No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming
No Result
View All Result
Hiptoro
No Result
View All Result

The SEC’s recent rulings are more about exchanges than ICOs

by Ketakee Srivastava
7 years ago
in News
Reading Time: 2 mins read
0

According to the CoinDesk, amid the reeling of the market from the settlements that were made by the Securities and Exchange Commission of the United States with the issuers of ICO who had not registered their securities as tokens, there is something significant that has been overlooked by all.

The settlement between the Securities and Exchange Commission took place last week with AirFox and Paragon which were the first cases and were purely because of the failure of registration and not because of any fraudulent activity.

In an over-reaction to this settlement that market assumed that the ICOs are not “over” which is far from true.

Source: i-invdn-com

What is actually over is the hype of the structure of the tokens which does not make any sense along with the raising of funds without any business plan and the Initial Coin Offerings that has been following the model of #metoo.

According to the CoinDesk, this is just the beginning to a more realistic as well as constructive phase.

The director of the Securities and Exchange Commission revealed earlier this month that the commission is planning to release guidance in “plain English” in order to make it clear that when the token is a security and when it is not.

The part that has been over-looked is the settlement of the SEC with the EtherDelta which is a decentralized exchange for the tokens which are ethereum based.

Source: wpengine.netdna-ssl

The company has been accused of breaking the laws of securities.

The company neither registered the platform with the Securities and Exchange Commission nor did it operate under an exemption.

This was the Commission’s first ever enforcement  and the SEC outlined what is exactly considered as an “exchange”

The most important detail is that the SEC has as yet not prosecuted the exchange

Source: CoinDesk, Investing

 

 

TRENDING NOW

John Daly

John Daly’s Bio: Early Life, Golf Career, Net Worth

August 25, 2025
Benny Safdie

Benny Safdie’s Bio: Age, Family, Career, Net Worth

August 25, 2025
Julie Bowen

Julie Bowen’s Wiki: Early Life, Movies, TV Shows, Family, Net Worth

August 25, 2025
Denis Dugan

Meet Denis Dugan: Age, Bio, Movies, TV Shows, Family, Net Worth

August 25, 2025
Lavell Crawford

Who Is Lavell Crawford? The Guy Who Played ‘Huell’ In Breaking Bad

August 25, 2025
Maxwell Friedman

Maxwell Friedman’s Age, Bio, Wrestling Career, Net Worth

August 25, 2025
hiptoro logo
  • Contact Us
  • Disclaimer
  • Copyright
  • About Us
  • Write for Us
  • Ethics Policy
  • Fact Checking Policy
  • Terms and Conditions
  • Privacy Policy


© 2023 Hiptoro Private Limited.

No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming