While Lodi Coins claimed to be issuing utility tokens, the SEC maintains that investors expected profits from the actions of the company, making it a security.
WSJ editorial slams SEC s bewildering Bitcoin ETF denials forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Circle Being Investigated by SEC coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
MGI Shares Plummet 22%, MoneyGram Relationship with Ripple on Hold
Feb 23 2021 · 09:44 UTC | Updated
Feb 23 2021 · 10:16 by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.
The shares of American money transfer giant Moneygram International Inc (NASDAQ: MGI) are coasting down the drains as the company has placed its business relationship with embattled blockchain payments outfit Ripple Labs Inc on hold. As reported by Coindesk, the move by the former firm was attributed to the latter’s ongoing legal battle involving the United States Security and Exchange Commission (SEC).