Latest ICO News

Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.

China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.

ICO Project Blockvest Beats SEC in Federal Court

The U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.

Japan’s Financial Services Agency to Bring New ICO Regulations

The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.

Singapore Releases Updated ICO Guide

The updated guide clarifies the Singapore central bank’s stance on how certain intermediaries should observe the rules determined by Anti-Money Laundering and Countering Financing of Terrorism policies.

SEC Starts Chasing ICO Promoters, Floyd Mayweather and DJ Khaled Face First Charges

In its first cases, the SEC has brought violations against Floyd Mayweather Jr. and music producer DJ Khaled involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy.

Saga Unfolds as Ripple Still Has Some Open Issues with SEC

Maybe XRP cannot be classified as a security anymore. Max Rich, deputy counsel at the crowdfunding platform Republic says the SEC will use the DAO debacle that happened in the summer of 2016, as the cut-off point.