Officials of VanEck, SolidX and Cboe BZX Exchange have met with the SEC again, in the latest attempt to convince the regulator to approve the nation's first bitcoin exchange-traded fund (ETF),
Many ICOs have attempted to evade the SEC’s scrutiny by self-labeling their products as utility tokens. So far, the SEC doesn't seem to be buying the distinction.
Rice is accused of scamming investors out of more than $4 million through a cryptocurrency scam that promised federally insured accounts and brand-name credit cards.
In addition, CapBridge is working with global blockchain technology firm ConsenSys. Both ventures have announced plans to build a fully compliant, private securities exchange on the public Ethereum blockchain.
This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.