September 20th, 2019 Weekly Wrap-Up
By TheNews.asia on Altcoin Academy
Find the full weekly newsletter from TheNews.Asia here.
This week, headlines concerning the SEC’s intervention in the crypto world start to put the finishing touches on the picture that many who are paying attention have been able to envision for some time: that the SEC is very interested in how to properly regulate cryptocurrencies for the present and future, and retroactively bring to overdue justice those who have done wrong to individuals and the community as a whole.
Firstly, Van Eck pulled their bid for a Bitcoin ETF from the SEC before they could make yet another review on the firm. We had predicted that this bid would be making headlines again and here we are. There are a number of workarounds that Van Eck and SolidX will employ to appease investors, but that ETF prize still appears a long way off.
Of course, that ETF may seem far off from the Van Eck news until you find out that Bitwise made a relatively impassioned plea with strong evidence for why the SEC should allow a Bitcoin ETF as soon as they can. The SEC came back at Bitwise with “but they aren’t the regulated stock markets…”
As we said, the SEC was busy this week. They also sued the founder of ICOBox, who performed a token sale during the height of the ICO craze in 2017. Those tokens, according to the SEC filing, are unregistered securities valued at more than $14mil. That is no meager sum of money for the vast majority of people in the world.
Starting next week in Seoul and Busan is Korea Blockchain Week 2019. TheNews.Asia is a media partner again for the series of events and conferences slated to bring in some very heavy hitters in the crypto world including Nick Szabo (featured in HEADLINERS) and Vitalik Buterin.
