tldrdailynews.com logo
Tag

Crypto Asset Securities

All articles tagged with #crypto asset securities

regulation1 month ago

SEC Clarifies When Crypto Trade Interfaces Can Operate Without Broker-Dealer Registration

SEC staff provide an interim view that a Covered User Interface Provider (e.g., a self-custodial wallet with a crypto asset securities UI) may operate without registering as a broker-dealer under Section 15(a) if it does not solicit investors, offers objective execution routes, discloses affiliations and material risks, uses a fixed fee, and maintains policies to evaluate venues and parameters; the guidance outlines disclosure requirements and is open for public comment, expiring five years from April 13, 2026.

via SEC.gov|
#broker-dealer-registration#covered-user-interface#crypto-asset-securities
finance2 years ago

SEC Achieves Record Financial Recovery and Crypto Enforcement Actions in Fiscal Year 2023

The Securities and Exchange Commission (SEC) announced its enforcement results for fiscal year 2023, revealing that it filed 784 enforcement actions, obtained orders for nearly $5 billion in financial remedies, and distributed nearly $1 billion to harmed investors. The enforcement actions covered a wide range of violations in the securities industry, including fraud, cybersecurity threats, and misconduct by market participants. The SEC also highlighted its efforts to protect whistleblowers and promote investor protection. Additionally, the SEC saw record-breaking results in its whistleblower program, with over $600 million awarded to whistleblowers and a significant increase in tips received. The SEC's enforcement efforts in the crypto asset securities space were also highlighted, with actions taken against fraudsters, unregistered offerings, and non-compliant intermediaries.

via SEC.gov|
#crypto-asset-securities#enforcement-actions#finance
cryptocurrency2 years ago

SEC Charges Stoner Cats Creator for Unregistered NFT Offering, Mila Kunis-Backed Project Settles for $1 Million

The Securities and Exchange Commission (SEC) has charged Stoner Cats 2 LLC (SC2) for conducting an unregistered offering of non-fungible tokens (NFTs) that raised approximately $8 million from investors. SC2 sold over 10,000 NFTs for $800 each, emphasizing the potential for profits through resale on the secondary market. The SEC found that SC2 violated securities laws by offering and selling these crypto asset securities in an unregistered offering. SC2 has agreed to a cease-and-desist order, a $1 million civil penalty, and the establishment of a Fair Fund to return investor funds.

via SEC.gov|
#crypto-asset-securities#cryptocurrency#nfts