The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the firm behind the open-source Helium Network, just days before SEC chair and known crypto critic Gary Gensler steps down as chair on Jan. 20. The SEC alleges that the company sold unregistered investment products, including those that mine cryptocurrency and a program that allowed …
Read More »Binance and CZ Faces Supreme Court Setback in Class Action Lawsuit Over Unregistered Tokens
Key Notes The US Court allows a legal case over Binance’s sale of unregistered tokens to move forward. Investors claim Binance failed to adequately disclose the risks associated with various tokens, including ELF and EOS. Binance contested the application of US securities laws, citing the company’s operations outside US jurisdiction. The US Supreme Court has denied Binance and its former …
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