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The Top 3: 23/04/23
Another busy week in the world of web3! The Menu today is an SEC Case, an internet breaking mint, and some beyond exciting DeFi developments.
Lets dive into it!
Another busy week in the world of web3! The Menu today is an SEC Case, an internet breaking mint, and some beyond exciting DeFi developments.
Lets dive into it!
1️⃣ SEC Identifies Algorand and Five Other Tokens as Securities amidst Bittrex Case
The #SEC claims that listing of tokens OMG, Dash, ALGO, Monolith (TKN), Naga (NGC) and IHT Real Estate Protocol (IHT) on #Bittrex constituted unregistered securities offerings.
The #SEC claims that listing of tokens OMG, Dash, ALGO, Monolith (TKN), Naga (NGC) and IHT Real Estate Protocol (IHT) on #Bittrex constituted unregistered securities offerings.
Quite interesting considering that previously, Gensler had promoted/commended the #Algorand token, one of the six under fire.
This promotion falls under the Securities Act of 1933 and the Securities Exchange Act of 1934, which regulates the offer and sale of securities
This promotion falls under the Securities Act of 1933 and the Securities Exchange Act of 1934, which regulates the offer and sale of securities
