A final judgment filed shows that the SEC and Telegram have reached terms of settlement over Telegram’s illegal securities sale.
Digital currency exchange and trading platform BitMEX has been on the receiving end of two lawsuits within the last six months.
Future entrepreneurs will be wary of proceeding on a SAFT basis, fearing that they will unintentionally be in non-compliance with SEC.
Firms were welcome to issue tokens under license of Gibraltar, subject to rules which consider all token issues to be a form of security issue.
Pavel Durov blames the U.S. government for bringing an end to the TON project, which would have distributed ‘Gram’ tokens to its investors.
Known only as “Investor Z,” the investment company said it wanted to redact its unique analysis of the Telegram ICO from the case.
The unauthorized scheme is likely a form of pyramid scheme with promises of significant returns on investment in a matter of days.
A New York law firm last Friday filed class action suits against 11 well-known companies in the digital asset industry.
The joint venture between tZero and BOX Digital proposes to a digital exchange for security tokens under SEC’s oversight.
The class action lawsuit previously sought to establish that Ripple had breached U.S. securities laws through the sale and marketing of its XRP token.
The comments follow the regulator rejecting a bid from Telegram for clarity over the scope of the injunction.