The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets examined several proposed bills concerning the current exempt offering framework in private securities markets.
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The SEC Division of Corporation Finance granted no-action relief from provisions of the Securities Act in order to simplify the usage of purchased units of value on online gaming platforms.
The SEC and the North American Securities Administrators Association provided guidance for market participants on the application of federal and state securities laws to opportunity zone investments.
The SEC concept release reviewing the framework for exempt offerings was published in the Federal Register.
Two initial coin offering ("ICO") issuers each agreed to pay $250,000 to settle SEC charges of offering and selling ICO tokens without (i) registering them pursuant to securities laws or (ii) qualifying for an exemption to registration requirements under the Securities and Exchange Act of 1934. The two settlement agreements ( see here and here ) are the SEC Cyber Unit's first cryptocurrency-related cases imposing civil money penalties exclusively for selling ICO securities in violation of offering registration requirements and without allegations involving fraud. In addition to paying the