It’s happening: the SEC has charged Elon Musk with issuing materially false and misleading statements intended to manipulate the price of Tesla stock.
ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.
SEC’s Jay Clayton has dismissed the idea of amending securities law to suit ICOs and mentioned that if IPO comes with a token it should be considered a security.
ShipChain, a startup hoping to integrate global shipping logistics on the blockchain, has been hit with a cease-and-desist order from the Securities Division of the South Carolina Attorney General’s Office. The order regards the $30M presale of the company’s token, SHIP, which ended in January 2018.
