US Lawmakers Suggest Exempting Crypto from Securities Law

In the US, recent actions have been taken that would exempt crypto from falling under the decades-old definition of a security. The “Token Taxonomy Act” was introduced Thursday (December 20, 2018) by Rep. Warren Davidson (R-Ohio) and Rep. Darren Soto (D-Florida). If the bill is passed, US securities law will no longer apply to virtual currency tokens once projects become fully functioning networks. The Token Taxonomy Act looks toRead more

Court ruling could mean good news for ICOs

Many are left wondering where the U.S. Securities and Exchange Commission (SEC) will strike next, after last week’s crackdown on two big-name celebrities. But could another monumental ruling give crypto initial coin offerings (ICO) a better chance against the SEC in the courtroom? Right now, there’s a rush of enforcement by the SEC spurred by its recent settlement with famed boxer Floyd Mayweather and music producer DJ Khaled. TheRead more