Foundation can’t intervene in SEC crypto case

Foundation can’t intervene in SEC crypto case

A charitable foundation holding digital assets given to it by the creator of the crypto currency is not entitled to intervene in a case brought by the Securities and Exchange Commission claiming that the issuer failed to file a registration statement under the Securities Act, the First Circuit Court of Appeals has affirmed.  It is an early case involving crypto assets involving a charity.

lock The full text of this article is available to paid subscribers only. Login or subscribe to read more