Binance.US, a cryptocurrency exchange, announced that it has halted US dollar withdrawals amid a lawsuit from the US Securities and Exchange Commission for allegedly trading digital assets which are deemed securities.
LBRY Inc has announced its intent to appeal a ruling by a U.S. District Court which ruled that the company’s digital token sale was in violation of federal securities law. CEO Jeremy Kauffman stated that the judgement was ‘unjust and incorrect’ and must be overturned in the interest of justice.
As the blockchain-based markets for non-fungible tokens (NFTs) rapidly expand, the question of their status as securities or investment contracts has landed in the cross-hairs of the U.S. Securities and Exchange Commission (SEC) in the form of a lawsuit.
Breaking news: Former Celsius CEO, Stephen McNamara, has been arrested in connection with a fraud and securities violation lawsuit filed by the SEC.