United States

Rapper T.I.’s associates to cough up $100K in FLiK token case with SEC

Three associates of Clifford Joseph Harris Jr., a rapper also known as T.I. who was responsible for helping launch the FLiK token, have agreed to pay more than $100,000 after a U.S. district court approving a settlement. According to records filed Nov. 17 in the U.S. District Court for the Northern District of Georgia, Chance …

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SEC leader touts record on digital assets on his way out the door

Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record …

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Jay Clayton will step down as US SEC chair by year’s end

Jay Clayton, who has served as the chairman of the United States Securities and Exchange Commission since May 2017, will be leaving the agency by the end of 2021. In its official news release, the agency noted that Clayton has been one of its longest-standing chairs. Crypto enthusiasts will likely be familiar with the agency’s …

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MIT cybersecurity experts do not trust blockchain-based voting systems

While certain parties in the United States continue to challenge the integrity of the election process, a group of researchers is advocating against using Internet-based and blockchain-based voting systems in the future. According to a Nov. 16 report from researchers at the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory, relying on blockchain …

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The US SEC amendments and SAFT process

Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens, or SAFTs) should be integrated with later sales of …

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Blockchain voting is the alternative for trusted democratic elections

The COVID-19 pandemic has impacted people’s lives, the relationship between governments and citizens, and the entire world economy, and of course, it has had a major impact on the United States presidential election. Due to social isolation, a large number of American voters opted to vote by mail, which increased vote counting time, led candidate …

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Ripple files for yet another new trademark in the US

Ripple, the developer of various XRP-based products, has filed yet another new trademark with the United States Patent and Trademark Office, or USPTO. Filed on Nov. 6, a filing for the trademark “PayString” gives scant information as to which business or product will be marketed under its canopy. Indeed, the trademark registration description is identical to …

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Before Congress, federal regulators dispute US pace on national digital currency

Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks.  “We have built private stablecoins in this country that already have a market cap in the tens of billions of dollars,” Brooks said in a U.S. …

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Cuba’s exploding crypto interest comes amid an absence of regulation

Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in crypto activity in the country. Founders of major local crypto exchanges Qbita …

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Biden taps crypto-savvy former CFTC chair for transition team

Less than four days after his official acceptance speech, Joe Biden has already begun assembling a team including the former chairman of the Commodity Futures Trading Commission as part of his transition to the 46th President of the United States. According to a Nov. 10 announcement from the ‘Biden-Harris Transition’, Gary Gensler has volunteered to …

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