EtherDelta Founder Pays SEC $385,000 in Damages for Running an Unlicensed Securities Exchange4.74

It would appear more trouble may be brewing for the cryptocurrency industry. Although there is still no official industry regulation in the United States, dark clouds are gathering over EtherDelta. Zachary Coburn, the founder of the platform, is charged by the SEC for running an unregistered securities exchange.

No one should be really surprised to learn the SEC doesn’t look favorable upon platforms trading ERC20 tokens. While the institution has deemed Ethereum to not be a security, after all, the same doesn’t automatically apply for tokens issued on top of this blockchain. In fact, the opposite may come true for some specific offerings.

Original source
https://nulltx.com/etherdelta-founder-pays-sec-385000-in-damages-for-running-an-unlicensed-securities-exchange/

Add comment

Please Sign in to be able to leave comments.