SEC Warns Crypto Investors of Initial Exchange Offerings in New Note
The SEC warned investors that initial exchange offerings, while claiming to be different from initial coin offerings, may still violate federal securities law.
The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.
The Crypto Ratings Council, formed by Coinbase, Kraken and other exchanges last year, has added eToro and Radar as members. It's also planning to unveil its asset rating framework this year.
Telegram launched its token sale because it was "short on cash" to pay for servers, the SEC said.
With the SEC lawsuit holding up the launch of Telegram's TON network, the Japan-based exchange has cancelled its sale of gram tokens and refunded investors.
Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.