The SEC accused Quantstamp of offering its QSP tokens as an investment opportunity without registering the ICO as a securities offering. As part of the settlement, Quantstamp has established a "Fair Fund" to compensate investors who were affected by the unregistered ICO. The company will transfer its QSP token holdings to the administrator of the Fair Fund, where the tokens will be permanently disabled or destroyed.
Coinlive Legal expert John Deaton suggests the SEC's challenge could be complex given the nuances of the Howey Test.
BeincryptoAccording to Marc Fagel, an SEC veteran and former Director, a ruling in the case between the SEC and Ripple might be coming in days.
cryptopotatoThe case claimed that EmpiresX and its founders violated the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
OthersAttorney John Deaton has published his predictions for the year 2023 on Twitter.
BitcoinistCardano founder Charles Hoskinson has made an explosive claim about the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
BitcoinistBlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders.
Bitcoinist“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States," said Brad Garlinghouse.
CointelegraphJoseph Hall believes that the SEC is not yet ready to handle litigation cases involving cryptocurrencies as securities, making it difficult for it to win a lawsuit against Ripple.
CointelegraphRipple Labs beat the SEC in its ongoing securities fraud case. The judge in charge of the case denied the SEC's motion to review certain documents that may not be material to the prosecution.
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