On May 3, 2021, blockchain-based trading platform operator INX Ltd. announced it had completed its initial public offering of digital tokens, raising approximately $85 million in the IPO from over 7,200 institutional and retail investors. The INX IPO is the first SEC registered offering of digital tokens, and represents another major milestone for blockchain asset
cryptocurrency
SEC vs. Ripple Could Make Waves in Cryptocurrency Market

By Alon Y. Kapen on
Posted in bitcoin, blockchain, cryptocurrency, decentralized, ether, Howey, ICO, initial coin offering, Regulation A+, Rule 506, Rule 506(c), SEC, token, token sale, utility token
On December 2, the Securities and Exchange Commission filed a lawsuit against Ripple Labs, Inc. and two of its executives alleging they offered and sold over $1.38 billion of digital asset XRP without registration or exemption in violation of Section 5 of the Securities Act of 1933, seeking disgorgement of ill-gotten gains. Ripple filed an…