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.
Key TakeawaysMetamask launched Money Account, offering up to 4% APY on mUSD with self-custody.Monad and Mastercard power trading, payments, and...
Binance is set to enter the Philippine market through a regulatory sandbox after the country's Securities and Exchange Commission granted...
Key TakeawaysRobinhood positioned its new chain as the backbone of a broader push into global onchain finance.Stock Tokens could expand...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP network activity is improving after a...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Solana dApps generated a combined $257 million...
