The regulator had accused Longfin of falsifying its SEC filings and conducting a fraudulent public offering, which the court found the firm guilty of.
Patrick Byrne, the former CEO of Overstock, is facing a class-action lawsuit that accuses him, as well as former CFO Greg Iverson, of securities fraud.
Now unable to access the funds, Middleton is crying foul and wants the SEC to release the money while alleging that the freeze is only hurting investors.
The government body still can’t seem to get its head wrapped around the idea taking a decision on the subject and has postponed forward progress on three different ETF proposals.
The U.S. Securities and Exchange Commission has finally made some real progress in helping to provide definition to the cryptocurrency space in the country.
Each agency has a different definition of what digital assets are, which is hindering advances in regulatory oversight in the US.
Hester Pierce, the lone dissenting commissioner in the SEC orders rejecting cryptocurrency ETFs, called on the regulator to ease up on cryptocurrency-related products.
The ninth installment in a weekly column, A Power of Facing discusses possible political moves and general trends that bode well for the spectre of a crypto ETF, a supposed Holy Grail of crypto mainstreaming enthusiasts.