The U.S. Securities and Exchange Commission on Wednesday issued guidelines to he...
FILE PHOTO: Cryptocurrencies are seen on a website that tracks the value of initial coin offerings in this illustration photo taken September 5, 2017. REUTERS/Thomas White/Illustration/File Photo
The SEC has ramped up enforcement actions related to digital assets and initial coin offerings, which work much like initial public offerings for companies, but instead of selling shares, they raise capital by selling digital tokens or cryptocurrencies. To help decide whether a digital asset is a security, the SEC said both it and the federal courts have looked to see whether the asset has any characteristics of an “investment contract.”
Whether the digital asset is an investment contract at the time of its offer or sale depends on the specific facts and circumstances, the SEC said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC delays disputed plan to probe exchange pricing conflictsThe U.S. Securities and Exchange Commission on Thursday delayed a controversial ...
Read more »
Kentucky, Auburn bring high-flying SEC rivalry to Elite Eight stageThe Wildcats and Tigers, familiar SEC foes, battle for a spot in the Final Four.
Read more »
SEC Issues Historic First Letter Saying It Will Not Take Action Against A Cryptocurrency BusinessThe SEC issues a historic 'No Action' letter telling the issuer of a crypto asset that it will not recommend actions against the company so long as it complies with certain conditions.
Read more »
Education Sec. Betsy DeVos clashes with Democratic senator over Special Olympics falloutEducation Secretary Betsy DeVos faces more backlash at a hearing on Capitol Hill over the Trump administration’s proposal to cut federal funding for the Special Olympics.
Read more »
SEC throws out investor vote pushing Exxon Mobil to reduce greenhouse gas emissionsThe Securities and Exchange Commission has allowed Exxon Mobil to trash a shareholder proposal requiring the oil giant to set targets to substantially reduce its greenhouse gas emissions.
Read more »
#Unbelievable: Secy. Devos under fire for proposed cuts to Special Olympics fundsAs part of 7 billion dollars in cuts to the Department of Education in the Trump administration's budget proposal, Secretary Betsy DeVos is trying to defund the Special Olympics entirely.
Read more »
ABC News @ABCHAPPENING NOW: Education Sec. Betsy DeVos testifies before Senate Appropriations Committee on 2020 budget.
Read more »
Special Olympics funding another fight Trump will loseEducation Secretary Betsy DeVos was grilled Tuesday by a congressional subcommittee on the administration's proposal to cut at least $7 billion from education programs, including eliminating all $18 million in federal funding for the Special Olympics. The panel has a few thoughts.
Read more »