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SEC Distributes $4.6M to BitClave Investors

by SB Crypto Guru News
November 20, 2024
in Crypto Updates
Reading Time: 1 min read
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In 2020, under former SEC Chair Jay Clayton, the SEC sued BitClave alleging that the sale of its Consumer Activity Token (CAT) violated federal securities laws. BitClave settled the charges without admitting any wrongdoing, and agreed to forfeit the entirety of the money it raised in 2017, plus another $4 million in interest and penalties. It also agreed to destroy all uncirculated CAT and request that exchanges delist it as part of the settlement agreement.



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Tags: 4.6mBitClaveBitcoin NewsCrypto NewsCrypto UpdatesDistributesInvestorsLatest News on CryptoSB Crypto Guru NewsSEC
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