Charts: SEC Data Shows Token Filing Figures Just Keep Rising
Since SAFT came into to use last year, the number of companies reporting to the SEC to work in this framework has increased, CoinDesk finds.
Invented by white shoe New York City law firms, the two-step Simple Agreement for Future Tokens (SAFT) was supposed to keep crypto companies out of trouble. Now, the SEC is coming full bore for startups like Kik and Telegram.
Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.
Lawyers have filed suit in a "highly unusual" case against flamboyant Italian e-scooter entrepreneur Salvator Palella, over a troubled ICO back in 2018.
Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.
"This is the first time anyone has ever scaled proof-of-work," said Kadena co-founder Will Martino.