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SEC alleges fintech and 'market maker' firms manipulated crypto market in token scheme

Coin Telegraph LogoCoin Telegraph2 mo ago

SEC alleges fintech and 'market maker' firms manipulated crypto market in token scheme - Coin Telegraph

Quick Summary:

Though the SEC has pursued many enforcement actions related to initial coin offerings, the regulator’s stance on airdrops’ role in alleged token schemes is unclear.

I still don’t think that should merit an “investment of money” but there is arguably more precedent.— Adam Cochran (adamscochran.

To be fair, the complaint seems to suggest that the “bounties” where users were rewarded with tokens for a promotional action count for that clause.Not the generic airdrop.


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Article Details

Author / Journalist: Cointelegraph By Turner Wright

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 17:21:39 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1076 (out of 3354 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 622720

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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