STOCK MARKET AND BITCOIN ARE PUMPING – WHY IM NOT TRADING – HESTER PEIRCE – SCAM COIN FLYD

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This episode I discuss the new scam coin the crypto community should boycott, Nuls update, Hester Peirce term renewed, traditional markets and a Bitcoin market update. Interested in being featured on The O Show? Please email me at CryptoWendyO@protonmail.com ———————————————————————————————————– Official Wendy O Social Media Links can be found here: ———————————————————————————————————– Support The O Show with Tips: LTC: MENqp4Whobpx1t6ZHY2GtWntTsC3bEa6U5 ZEC: zs1nnyvcqzngyh6d6rgw9rjuyrhq0zgm745jemwl2f35eedjzsv4hrml7pf85w067gk5susvshrmxe BTC: 3J2YVB51JvRt2P8nW5qm8wjg1Fjm31iksY ETH: 0xCf6d772983602500A903596Fad6a4f8B11436101 DGB: SXUXE9bBxYsVP9so2L9NdjfNNMT9yPS2gv Support The O Show with Ref Links: Get $50 and the MCO card FREE➡️ Get…

‘Crypto Mom’ Nominated to Serve as SEC Commissioner Until 2025

President Trump has nominated Hester Peirce to be a member of the U.S. Securities and Exchange Commission (SEC) for a second term ending in 2025. Pierce has been affectionately dubbed ‘Crypto Mom’ for being one of the most enthusiastic proponents of cryptocurrency at the SEC. In an announcement on the White House website on June 2, the executive branch of the U.S. government said it had sent ten nominations for unfilled positions or those up for renewal to the Senate for approval, and withdrawn one.  Among the names put forward…

SEC Orders ICO Startup to Return $25.5M to Investors

The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a March 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief of the SEC Enforcement Division’s Cyber Unit Kristina Littman commented: “Issuers of securities, traditional or digital, must comply with the registration requirements of the federal securities laws. […] The remedies ordered by the Commission will provide meaningful relief to investors…

Telegram Quits Court Fight With SEC Over TON Blockchain Project

Telegram has thrown in the towel in its court battle against the U.S. Securities and Exchange Commission (SEC) and will no longer be fighting the ban on its blockchain token project. In a filing on Friday (see bottom), the messaging app provider said it was withdrawing its appeal over a previous court decision that backed the SEC in prohibiting the issuance of “gram” tokens to investors both in and out of the U.S. The new document filed with the U.S. Court of Appeals for the Second Circuit states: “The parties…

Has the US SEC Closed the Global Window on New Tokens?

The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community.  Most recently, the case against Telegram ended with that company abandoning its planned open network and Gram tokens, which raised $1.7 billion. The question before the crypto community is now: Have we witnessed the death of the ICO? The answer is yes, in that, with all due fear of predictions, we will never see the likes of 2017’s ICO boom again. That vision of an ICO…

Proof of Stake Alliance Talks With SEC About Blockchain Standards

The Proof of Stake Alliance revealed that it is taking critical steps toward improving the regulatory space around the Staking-as-a-Service (STaaS) market, including dialogues with the U.S. Securities and Exchange Commission. According to the announcement, the POSA met with the SEC to discuss increasing adoption of Proof-of-Stake (PoS) protocols — a successor to Bitcoin’s (BTC) Proof-of-Work consensus protocol that is perceived to be more efficient and scalable. Staking allows token holders to earn interest on locked amounts of a network’s native token, which in turn supports the network’s overall efficiency. The…

Telegram Abandons TON Blockchain Project After Court Fight With SEC

Telegram founder Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). “Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project. Below is a summary of what it was and why we had to abandon it,” he wrote. An accompanying blog post said the SEC’s winning of a preliminary injunction in a U.S. court led to the…

Kik’s Drama With the SEC May Soon Be at an End

A new round of documents have been filed in the lengthy dispute between the United States Securities and Exchange Commission, or SEC, and Kik Interactive Inc. over the messaging company’s 2017 initial coin offering, or ICO. Both parties are seeking summary judgment, with the SEC submitting a proposed order that it hopes the court will sign. However, Kik is confident that the judge will rule in its favor, asserting that the SEC’s argument rests heavily on construing the Telegram case as precedent. SEC proposes summary judgment order The SEC filed…

Telegram Agrees to Hand Over Trove of ICO Documents to SEC

Telegram has filed an order of consent agreeing to provide a trove of communications and documentation requested by the United States Securities and Exchange Commission (SEC) on May 7. The communications concern the distribution of Telegram’s Gram tokens and purchase agreements relating to its 2018 initial coin offering (ICO). Telegram’s consent comes amid the Free Telegram Open Network (TON) community’s decision to launch a version of the TON blockchain via a ‘fork’. The SEC halted Telegram’s offering in October 2019 for conducting an unlicensed offering of securities. After six months…

SEC Loosens Crowdfunding Guidelines Amid Economic Slowdown

The United States Securities and Exchange Commission (SEC) has introduced temporary changes to its Regulation Crowdfunding offering guidelines, making it easier for crypto blockchain firms seeking to launch on via platforms like Indiegogo to raise money. The adjustments mean that firms seeking to raise cash via crowdfunding won’t need to provide documents that may be difficult to obtain as a result of the coronavirus lockdown, including financial statements. However, firms must provide all requisite documentation before securing commitments from investors. The temporary guidelines were recommended by the SEC’s Small Business…