DAO

THE CONSEQUENCES OF UNREGISTERED PUBLIC SECURITY TOKEN SALES

Leave a Comment / ICO and Token Placement, Regulation / By

On July 25 2018 the U.S. SEC issued a so-called Section 21(a) report of its investigation into an offering of cryptographic blockchain tokens by “The DAO,” the acronym of “Distributed Autonomous Organization. Even though the SEC did not take any enforcement action against The DAO people, the agency warned others engaged in similar activities that …

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SEC SETTLES WITH UNREGISTERED CRYPTO-SECURITIES EXCHANGE ETHERDELTA

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The U.S. Securities and Exchange Commission (SEC) settled charges against Zachary COBURN, the founder of the decentralized Ethereum exchange (DEX) EtherDelta, a token trading platform. This is the SEC’s first enforcement action against such a platform operating as an unregistered national securities exchange. Specifically, the trading with DAO token was mentioned as a reason for the enforcement …

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