Categories: world

Digital Tokens: Two ICOs cancel SEC charges

As you may have seen, SEC broke off against two companies that sold digital tokens in ICOs, which means $…

As you may have seen, SEC broke off against two companies that sold digital tokens in ICOs, which means $ 250,000 is punished against each company. Both Airfox and Paragon will compensate injured investors who bought tokens and register their tokens as securities.

 Digital Tokens Designerkottayam / Pixabay

To add our previous discussion on crypto regulation, we added some comments from Maxwell R. Rich, Regulatory Advisor at AngelList & Vice General Counsel at Republic AngelList-backed crowdfunding platform, on the consequences of this enforcement of existing tools and security token projects


Q3 hedge fund letter, conference, buckets etc

Maxwell R. Rich, Deputy Secretary General of the Republic:

“Industry participants should study this deal closer because it provides good guidance on how to avoid breaking US federal securities stocks, which show pitfalls not following them and more interesting, can provide a new guide for token publishers who want to register their digital tokens with SEC- The record t-offer.

“Registered securities are generally freely negotiable. An example of this would be an IPO issuer, such as Google. And now anyone can buy shares in the alphabet. The problem is that so far no token has been registered with the SEC through the IPO process. Therefore, this deal is so interesting – it indicates that there is an alternative method for issuers to record their security token if they explore any digital assets of securities assets or look for ways to bring their previously unregulated ICO into compliance.

“It also reminds that issuer publishers, since the release of the DAO report, take the SEC a tough sale token sales if they are not covered by a registration exemption, such as Reg D, Reg CF or Reg S.

” Utility Tokens offered by agreements such as SAFTs and DPAs are likely to need to be registered or exempted from registration. “

Young professionals and others entering the labor force face economic pressure, unlike any new generation.

Source link

Published by