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The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens. In a July 31 filing in U.S. District Court for the Eastern District of New York, the SEC claimed Heart had
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The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings. Source
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The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors. Source
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U.S. Judge Katherine Polk Faila questioned both sides on a range of topics in a Manhattan courthouse on Thursday. Original Source
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Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and
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The relaxation will in the first instance operate for a period of up to five years, and would apply as a minimum to digital equities, bonds and money market instruments – but not to derivatives, or to unbacked crypto, such as bitcoin (BTC) and ether (ETH), as officials point to
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According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities."Since becoming a public
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The enhanced version incorporates lessons learned in the four years since Tokensoft debuted ERC-1404, said Noah Thorp, CEO of Upside, a token issuance firm. Prime can handle automated lock-ups and dividend distributions, two features the original could not. Source
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Most organizations the regulator mentions have little or no online presence and, with one exception, aren’t working with any major crypto platforms. Source
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EDX Markets plans to step into the crypto space just when the regulatory developments are quite hot and the US SEC has been cracking hard on crypto firms. The cryptocurrency landscape in America seems to be undergoing a seismic shift, and it’s still too early to say whether it is
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