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.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP has surpassed Ethereum in terms of...
Hands-on Review by Bitcoin.com. Crypto exchanges have been talking for years about “bridging TradFi and crypto.” Bitget’s new TradFi suite...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure American fast food brand Steak ‘n Shake...
Coinbase is intensifying efforts to shape U.S. crypto market structure legislation as CEO Brian Armstrong pushes for a breakthrough between...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Dogecoin price has remained in a...
