Bitcoin ETF

Bitcoin

<p>“Block.one, the company behind the EOS.IO software, has agreed to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). The U.S. Securities and Exchange Commission (SEC) announced the settlement on Monday. The EOS ICO, which raised a total of $4.1 billion between June 2017 and June 2018, was the largest ICO to date. The SEC stated that Block.one did not register the ICO as a securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements.”</p>
<h2 id="key-points">Key Points</h2>
<ul>
 <li>Block.one has agreed to pay a $24 million penalty for conducting an unregistered ICO.</li>
 <li>The EOS ICO, which raised $4.1 billion, was the largest to date and was not registered as a securities offering.</li>
</ul>
<p>Block.one, the firm responsible for the EOS.IO software, has consented to a $24 million penalty for running an unregistered initial coin offering (ICO).</p>
<p>The penalty was announced by the U.S. Securities and Exchange Commission (SEC) on Monday.</p>
<h2 id="record-breaking-ico">Record-Breaking ICO</h2>
<p>The ICO for EOS, which accumulated a total of $4.1 billion between June 2017 and June 2018, holds the record for being the largest ICO ever.</p>
<h2 id="sec-s-stance">SEC’s Stance</h2>
<p>The SEC clarified that Block.one failed to register the ICO as a securities offering in accordance with federal securities laws. Moreover, it did not seek or qualify for an exemption from these registration requirements.</p>

May’s Bitcoin ETF Inflows Overcome Previous Month’s Losses, Analyst Reveals

Table of Contents

crypto.ro global

Other articles published on May 17, 2024

Bitcoin Fuels Altcoin Optimism

Ripple legal head applauds US Senates’ effort to overturn SEC’s crypto rule

‘It’s Over for Memecoins’: Trader Who Nailed 2022 Crypto Bottom Turns Bearish on dogwifhat and Pe...

Dogecoin Gains Thrill Investors

Chainlink’s Innovation Boost Sets Stage for LINK Price Surge – Here’s Why

Coinbase Dominates the US Crypto Market

Join our free newsletter for daily crypto updates!