Tag: SEC
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SEC Appeals $125 Million Penalty Imposed on Ripple Labs, XRP’s Market Takes a Hit
In a significant legal development, the U.S. Securities and Exchange Commission (SEC) has officially appealed the $125 million penalty imposed on Ripple Labs. The financial regulatory body argues that the ruling handed down by the lower court contradicts well-established Supreme Court precedents regarding securities laws and investor protection. This move comes as the SEC continues…
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Ripple’s XRP Faces Legal Hurdles as U.S. Judge Allows SEC Lawsuit to Proceed to Trial on Some Claims
In a significant development for the world of cryptocurrency, a U.S. judge recently ruled that the Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs Inc., the creator of XRP, can proceed to trial on some claims. This decision adds a new layer of uncertainty to the future of Ripple and its digital asset, XRP.…
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The Praetorian Group’s PAX Coin is the First Cryptocurrency ICO to File With the U.S. Securities & Exchange Commission
The Praetorian Group has officially filed for registration of the PAX coin with the U.S. Securities & Exchange Commission (SEC). NEW YORK, March 12, 2018 /PRNewswire/ — The Praetorian Group and PAX coin, cryptocurrency’s first sound money crypto, has filed its S-1 registration statement with the United States Securities Exchange Commission (“SEC”). The Praetorian Group’s actions to file…
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CRS Compliant ICO Operational Trading Platform
The one CRS and FATCA compliant ICO operational trading platform, exempt from SEC registration, is overseas retirement [box type=”note”]Regulatory focus on ICO’s: 2017 saw an enormous increase in the number of “Initial Coin Offerings” (ICOs) that have been arranged.[/box] [box type=”tick”]Over US$5.68 billion was said to have been raised in 2017, with over 1.4 billion in December 2017…