SEC's Crypto Actions Reinforce Hard Line On Digital Assets

Law360 (October 28, 2019, 5:09 PM EDT) -- This month the U.S. Securities and Exchange Commission initiated three illuminating regulatory and enforcement crypto-related actions, celebrating a virtual Oktoberfest of crypto initiatives and proclamations.

Specifically, the SEC reinforced its cryptocurrency hard line by:

Filing an enforcement action seeking an emergency temporary restraining order against Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc., halting their $1.7 billion ongoing digital token offering for its failure to register the offering with the SEC;

Releasing a joint statement with the heads of the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, urging anyone dealing with digital currencies to ensure they are adhering...

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