Woah, this is major and and has broad implications for the crypto market and any new projects going forward. Can't believe they released this on a Friday. They are framing this as a lack of...
Woah, this is major and and has broad implications for the crypto market and any new projects going forward. Can't believe they released this on a Friday.
“We have repeatedly stated that issuers cannot avoid the federal securities laws just by labeling their product a cryptocurrency or a digital token,” Steven Peikin, Co-Director of the SEC’s Division of Enforcement. “Telegram seeks to obtain the benefits of a public offering without complying with the long-established disclosure responsibilities designed to protect the investing public.”
They are framing this as a lack of information on business operations, financial condition, risk factors, and management that the securities laws require. This is all information that is provided in an. S-1. The S-1 form is what really allowed everyone to find out how bad of a business the WeWork really was, some calling it Death by S-1.
This will have an interesting chilling effect, I wonder how this will play out.
Woah, this is major and and has broad implications for the crypto market and any new projects going forward. Can't believe they released this on a Friday.
They are framing this as a lack of information on business operations, financial condition, risk factors, and management that the securities laws require. This is all information that is provided in an. S-1. The S-1 form is what really allowed everyone to find out how bad of a business the WeWork really was, some calling it Death by S-1.
This will have an interesting chilling effect, I wonder how this will play out.