Express
SEC Orders Cryptocurrency Firm BitClave To Return $25.5M To Investors
Summary: BitClave, the cryptocurrency firm, has been ordered by the United States Securities and Exchange Commission (SEC) to return $25.5 million to investors. According to an announcement on Thursday, the SEC has charged the California-based cryptocurrency startup with selling unregistered securities in its initial coin offering. Kristina Littman, the Chief of the SEC Enforcement Division’s Cyber ...
BitClave, the cryptocurrency firm, has been ordered by the United States Securities and Exchange Commission (SEC) to return $25.5 million to investors.
According to an announcement on Thursday, the SEC has charged the California-based cryptocurrency startup with selling unregistered securities in its initial coin offering.
Kristina Littman, the Chief of the SEC Enforcement Division’s Cyber Unit, said, “Issuers of securities, traditional or digital, must comply with the registration requirements of the federal securities laws,” and that “the remedies ordered by the Commission will provide meaningful relief to investors in this unregistered offering.”
By Ramsey Baker
Tags: BitClave,ICO,Initial Coin Offering,Kristina Littman,SEC
Link: SEC Orders Cryptocurrency Firm BitClave To Return $25.5M To Investors [Copy]
