Tagged: finhub

Polkadot’s Native Token DOT No Longer a Security

Polkadot’s native token DOT is no longer a security, according to the Web3 foundation. Polkadot said it has been working with the Securities and Exchange Commission’s FinHub on the process. The Web3 Foundation said that DOT has “morphed” from a security to software, perhaps accomplishing… Read More

Fintech: SEC FinHub to Become Standalone Office Renamed Strategic Hub for Innovation and Financial Technology

The Securities and Exchange Commission (SEC) announced a bit of end of the year housekeeping today by taking FinHub and morphing it into a standalone office now called the Strategic Hub for Innovation and Financial Technology. Valerie A. Szczepanik, who led FinHub will remain at… Read More

OCC Issues Interpretive Letter on Banks and Stablecoins, SEC Comments on its Position Regarding Digital Assets

The Office of the Comptroller of the Currency (OCC), part of the US Department of Treasury, has issued an interpretive letter pertaining to banks and federal savings entities pertaining to “certain stablecoins.” Stablecoins are digital currencies that are based on a fiat currency or specific… Read More

SEC FinHub Announces Virtual Meetups, First Up is Regtech

The Securities and Exchange Commission (SEC) has announced that its Strategic Hub for Innovation and Financial Technology (FinHub) will hold virtual peer-to-peer meet-ups. The SEC said the FinHub staff recognizes the challenges and difficulties with in-person meetings in the midst of COVID-19.  FinHub staff seeks… Read More

Active Participants and Digital Assets: The SEC Coins a New Term

Raising capital by issuing tokens that rely on distributed ledger or blockchain technology has been clouded by regulatory uncertainty since the practice emerged during the initial coin offering or “ICO” boom. As entrepreneurs seek to use blockchain technology to build new networks and tokens, this… Read More

Universal Gaming Token, “Pocketful of Quarters,” Receives SEC No Action Letter for Blockchain based Service

On the same day DLXLaw sent a letter requesting “no-action” by the Securities and Exchange Commission (SEC) Enforcement Division, Pocketful of Quarters received a response from the SEC indicating its intent not to take any action against the blockchain-based platform. DLXLaw is a boutique law… Read More

SEC’s FinHub is Available for Local “Peer to Peer” Meetings

The Securities and Exchange Commission’s (SEC) strategic Fintech group known as FinHub has scheduled several open office hours for regional offices. SEC staff seeks to engage with Fintech communities across the US and expectations are for these “peer to peer” meetings to take place on… Read More

SEC Schedules Fintech Forum, Including Digital Assets, for May

The Securities and Exchange Commission (SEC) has scheduled a public forum focusing on distributed ledger technology (DLT or blockchain) and digital assets (or crypto assets). Topics will include initial coin offerings (ICOs), digital asset platforms, DLT innovations, and how these impact investors and the markets…. Read More

SEC Launches New “FinHub” for Innovation and Financial Technology

The Securities and Exchange Commission (SEC) has launched a new “FinHub” described as a strategic hub for innovation and financial technology or Fintech. According to the SEC, the FinHub will serve as a resource for public engagement on the SEC’s Fintech related issues and initiatives. These… Read More

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