The focus on enforcement has done little to clarify regulatory expectations regarding current facts and market practices. The Securities and Exchange Commission (SEC).
Enforcement action against digital currency exchange KuCoin which violated New York Martin Act the state blue sky securities law by selling and purchasing securities and commodities without being registered as a New York commodities broker dealer or securities broker dealer
In his famous 2018 speech, William Hinman, Digital Asset Transactions: When Howey Met Gary (Plastic), the Director of the U.S. Securities and Exchange Commission (“SEC”), asked.
With litigation heating up in the NFT space, industry stakeholders are seeking to define whether digital assets such as utility tokens and certain tokens relating to decentralized.
The SEC will continue to bring its considerable resources to bear to address ESG-related matters, misconduct in the digital asset markets, cybersecurity, insider trading and other regulatory.