A startup behind one of the largest initial coin offerings of the past several years will pay $24 million to resolve a U.S. regulator’s allegations that its deal violated federal investor-protection laws.
The civil settlement announced Monday represents one of the biggest fines since the Securities and Exchange Commission began a crackdown on ICOs in 2017. SEC officials say many such deals evaded federal securities laws because the coin issuers didn’t provide investors with required disclosures meant to inform them about a...
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