Cryptocurrency

Flash

The U.S. Securities and Exchange Commission (SEC) has revoked the securities registration of Salt Blockchain Inc, a Delaware-based cryptocurrency lender. 
The decision, which comes into effect immediately, was taken due to the company's failure to comply with basic legal requirements. 
Salt Blockchain had failed to file required reports with the SEC since December 2021 and violated several rules under the Securities Exchange Act of 1934. As a result, the SEC deemed it necessary to revoke the company’s registration to protect investors. 
Related News: <a href="https://en.bitcoinsistemi.com/rumors-of-a-50-basis-point-rate-cut-following-the-fed-members-flash-statements-so-what-do-analysts-say/" target="_blank" rel="dofollow">Rumors of a 50 Basis Point Rate Cut Following the FED Member's Flash Statements: So What Do Analysts Say?</a> 
The revocation follows a settlement agreement Salt Blockchain reached with the SEC, in which the company consented to the revocation of its securities registration, though it did not admit or deny the SEC’s findings. 
In the company’s previous settlement details, the SEC said the token was considered a security because Salt told investors they could expect to receive a return on their investment. Salt agreed to settle the lawsuit and paid the SEC $250,000 in damages within 10 days. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-new-move-from-the-sec-regarding-the-cryptocurrency-sector-there-is-a-development-in-the-case-it-filed-years-ago/">A New Move from the SEC Regarding the Cryptocurrency Sector: There is a Development in the Case It Filed Years Ago</a>

A New Move from the SEC Regarding the Cryptocurrency Sector: There is a Development in the Case It Filed Years Ago

Bitcoin Sistemi EN

Other articles published on Sep 6, 2024

Toncoin in Freefall, Solana Fees at Multi-Month Low – This New Altcoin Providing Solace In Gloomy...

Ether Liquidity Declines by 45% Since June Peak, Increasing Market Volatility

Nigeria’s EFCC Blocks Bail for Binance Executive Despite Health Concerns: Report

How Did “Dead” Helium (HNT) Outperform All Top Altcoins?

Io.net and Flock.io Launch World’s First Proof-of-AI Consensus Mechanism

SunPump Powers TRON Activity But Fights to Keep Pace

Join our free newsletter for daily crypto updates!