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Tag Archives: Precedent

A New Precedent: FINRA Charges Crypto Founder With Securities Fraud

The Financial Industry Regulatory Authority (FINRA), a non-profit watchdog for public brokerage firms in the U.S., has had its first run-in with the cryptocurrency industry. The self-regulatory organization is filing a complaint against a Massachusetts man for “the unlawful distribution of an unregistered cryptocurrency security called HempCoin.” Timothy Tilton Ayre, FINRA alleges, illegally associated sales in his publicly traded company, ...

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“Not a Great Precedent”: Commissioner Discusses the SEC’s Latest ETF …

When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell. At this point in the industry’s development, securing an ETF has become the space’s institutional albatross, the elusivity of which ...

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US: Wyoming Set Precedent By Creating New Asset Class… | News

The US state of Wyoming has now created a new class of assets in defining cryptocurrency as “Utility Tokens”, reports Forbes March 13. As previously reported by Cointelegraph, the Wyoming state legislature passed House Bill 70 on March 6, which effectively exempts crypto from state securities regulations. The bill was signed into law by Governor Matt Mead March 8. The ...

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