SEC Settles with Operators of Two ICOs, Draw Sanctions and Registration

[kreslik.news]

The US Securities and Exchange Commission (SEC) has brought two first-of-their-kind settlements tied to cryptocurrencies on Friday, fining a firm that promoted “token-denominated ecosystem” and another startup aiming to use Blockchain to promote cannabis without meeting registration requirements.

A communiqué on the matter issued by the commission said that the principles of two ICOs, CarrierEQ and Paragon Coin, agreed to pay $500,000 to settle charges, without admitting or denying the allegations. They also agreed, within 90 days, to register their tokens as securities pursuant to the Securities Exchange Act and file periodic reports with the SEC for at least ... (read more)