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Crypto Companies' Missed SEC Deadlines Could Spell Trouble

Friday, Nov 15 2019
Regulatory
Written by  FinTech News Brief Staff
Crypto Companies' Missed SEC Deadlines Could Spell Trouble

Regulators' attempts to force cryptocurrency startups into compliance with the fundraising laws may not have been as effective as hoped. So reports The Wall Street Journal.

A number of firms have missed deadlines to fix transparency issues and repay scorned investors. The firms in question raised close to $40 million through “illegal sales of digital tokens,” and in exchange for leniency, the companies were supposed to abide by SEC fundraising rules. Airfox, Paragon Coin Inc. and Gladius Network LLC were among the companies noted in the article as encountering delays with repayment and information sharing.

Read the full article from The Wall Street Journal.

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