SEC Scrutinizes NFT Market Over Illegal Crypto Token Offerings (bloomberg.com) 8
The U.S. Securities and Exchange Commission is scrutinizing creators of NFTs and the crypto exchanges where they trade to determine if some of the assets run afoul of the agency's rules, Bloomberg News reported Thursday, citing people familiar with the matter. From the report: A focus of the probe is on whether certain nonfungible tokens, digital assets that can be used to denote ownership of things like a painting or sports memorabilia, are being utilized to raise money like traditional securities, said the people. Over the past several months, attorneys in the SEC's enforcement unit have sent subpoenas demanding information about the token offerings. The inquiry is the latest attempt by the SEC under Chair Gary Gensler to ensure the crypto market adheres to its regulations. In February, the commission and state regulators levied a record $100 million fine against BlockFi, a popular virtual-currency exchange, for failing to register products that pay customers high interest rates to lend out their digital tokens.
Melania Trump (Score:2)
Re: (Score:2)
I hope not. At least not with this. I am no fan of Trump and roughly 80% of his entire presidency. While I agree him and his cohorts should go to jail. It will need to be done with the long drawn out legal preceding, Precise charges are made and dealt with, not just tossing legal soup into the justice system and see's what could stick. As much as I want to see Trump in jail. I am afraid if the justice systems handles this improperly, then the opposing political party is going to find a way to imprison f
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Written by someone who's never heard of Hunter or James Biden or the Clinton Global Initiative.
Denote Ownership? (Score:3)
Uh. Sure. But not in any legal way. (yet?)
SEC not investigating stock trading by SEC chair (Score:1)
The SEC hasen't even prevented its staff from directly trading stocks.