A cryptocurrency firm settled SEC charges for publicly offering tokens that the SEC considered to be securities under the Howey test.
Three media companies settled SEC charges for conducting unregistered stock and digital asset securities offerings.
SEC Commissioner Hester M. Peirce challenged the basis of a recent SEC enforcement action against an initial coin offering issuer for unregistered digital token offerings and criticized the agency for failing to provide guidance on the dividing line between tokens that are securities and those that are not.
Following an emergency action and injunction, a digital token issuer agreed to settle SEC charges for unregistered offerings.
The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.