Categories: Tech News

SEC pursue crypto exchanges while Homelands security declare Blockchain workers as key workers

In Oct 2019 SEC and BlockOne came to an agreement resulting in BlockOne paying $24 million. Since then what has the SEC been up to with Cryptos since?

BlockOne is part of EOS. which was the largest ICO ever to date raising $4 billion. They did reach an agreement with the SEC and paid $24 billion. The SEC is still pursuing Telegram which raised $1.7 billion so it will be interesting to see what happens with that one too. The initial handful of investors who bought $20 million of Gram tokens at 33cents will be hoping that the SEC and Telegram will indeed reach a settlement in April 2020 as the price of Gram tokens is currently trading at $2.

The SEC has recently filled claims against 7 crypto exchanges as it claims they have broken SEC regulations by selling Tokens which were securities. Meanwhile the US Homeland Security has stated that Blockchain mangers are part of the critical infrastructure in the fight against Coronavirus along with those in the food and healthcare sectors. Thus one Govt dept is questioning businesses that used Blockchain technology and another department is stating Blockchain workers are key. Not what one may have forecasted!

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Jonny Fry

Jonny Fry co-founder and CEO of TeamBlockchain Ltd, is a Blockchain, crypto economics,Digital Assets and funds specialist, with over 25 year’s experience as CEO of an asset management business which he floated in London with over £1Billion under management .His focus has been on the dynamics of financial innovation, advising on Digital Assets, Tokenomics, Crypto funds and is a regular speaker on these topics. He is Non Executive Chairman of Gemini Ltd, a founder of The British Blockchain Frontier Technology Association (BBFTA) and advisor for a number of companies helping them with their strategic growth and managing corporate and reputational risk.

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