Category: SEC

SEC Warns DeFi Developers

Decentralized finance projects are disrupting the finance industry by offering consumers the prospect of market-beating returns. De-Fi software enables peer-to-peer lending of digital assets executed through smart contracts. Unlike traditional...

SEC: Special Purpose Broker-Dealers May Custody Digital Assets

Effective April 27, 2021, the SEC issued a statement on the Custody of Digital Asset Securities by Special Purpose Broker-Dealers and outlined the steps broker-dealers of digital asset securities must...

Blockchain Litigation, Digital Securities, SEC

SEC v. Telegram Litigation Update

On March 24, 2020, Judge Castel of the United States District Court for the Southern District of New York issued an order granting the SEC’s motion to enjoin Telegram Group,...

SEC Proposes Rule Changes to Reg CF, Reg A+, and Reg D

The Securities and Exchange Commission (SEC) recently proposed changes to several securities exemptions available to U.S. issuers. In particular, the proposed changes to Regulation Crowdfunding (Reg CF), Rule 504 of...

SEC Proposes to Expand Definition of “Accredited Investor”

The Securities and Exchange Commission (SEC) recently proposed amendments to the definition of “accredited investor,” one of the principal tests for determining the eligibility of investors to participate in various...