Share this article
SEC Settles With Media Companies for $539M Over Alleged Illegal Digital-Asset, Stock Offerings
The SEC estimated thousands of investors purchased GTV stock and digital assets dubbed G-Coins or G-Dollars.
Updated May 11, 2023, 4:14 p.m. Published Sep 13, 2021, 3:07 p.m.
The U.S. Securities and Exchange Commission (SEC) agreed to a $539 million settlement with GTV Media, parent company Saraca Media and Voice of Guo Media after charging them with conducting illegal digital-asset and stock offerings.
- The SEC said the three companies have been charged for an illegal, unregistered offering of GTV common stock as well as digital securities called G-Coins or G-Dollars.
- New York-based GTV Media, Saraca Media and Phoenix-based Voice of Guo Media solicited thousands of individuals to invest in the GTV stock offering in April-June 2020, the SEC said.
- “Thousands of investors purchased GTV stock, G-Coins and G-Dollars based on the respondents’ solicitation of the general public with limited disclosures,” said Richard Best, director of the SEC’s New York regional office.
- The companies neither admit nor deny the findings, the SEC said. They also agreed to a cease-and-desist order.
- New York Attorney General Letitia James also secured an agreement with GTV Media and Saraca Media Group in which the two firms agreed to pay $479.9 million to settle claims they failed to register in New York as securities dealers and/or commodities broker-dealers.
- GTV Media and Saraca will receive credit towards the $479.9 million for payments they make in their settlement with the SEC, with the New York settlement money being placed in a fund to compensate harmed investors.
UPDATE (Sept. 13, 19:38 UTC): Updated with information about the settlement with the New York Attorney General in the fifth and sixth bullet points.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
