What did Gary Gensler really say when he promoted Algorand?
Following news that the SEC is charging Algorand, Crypto Twitter is sharing an old clip of SEC chair Gary Gensler praising the protocol.
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Following news that the SEC is charging Algorand, Crypto Twitter is sharing an old clip of SEC chair Gary Gensler praising the protocol.
— Crypto, Justin Sun
Since losing his ambassadorship to the WTO Justin Sun has made some odd decisions, including the launch of a so-called 'SEC-focused token.'
The SEC is responsible for overseeing, regulating, and enforcing compliance on US securities offerings, but following its rules can be tough.
Beaxy, related firms, and executives have been sued by the SEC for issuing an unregistered security and failure to register.
— Crypto, Justin Sun
Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.
— Crypto, Justin Sun
The SEC claims that Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. engaged in a scheme involving wash trading.
The judge ruled that plaintiffs have “adequately alleged” that these NBA-themed NFTs passed the Howey Test.
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
The SEC is proposing a change to custody requirements for investment advisors that threaten their ability to engage with cryptocurrency.
— Crypto, Hivemapper
If the decentralized mapping network's HONEY token does represent equity, it would likely have to be registered with the SEC.