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Tuesday

20 August 2019

US Court Temporarily Freezes $8M in Response to SEC Request Yesterday

US Court Temporarily Freezes $8M in Response to SEC Request Yesterday


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A United States District Court has entered an emergency freeze to preserve $8 million of a New York citizen and two of his entities’ related assets following the U.S.

Cointelegraph contacted the courthouse, wherein a clerk said that the court approved of the temporary injunction, requiring defendants to show cause on Aug.

Earlier in August, SEC commissioner Hester Peirce reportedly said that she is interested in building a non-exclusive safe harbor allowing issuers to offer tokens under an alternative regime with robust requirements

As Cointelegraph reported in June, SEC Chairman Jay Clayton said that the regulator needs to feel comfortable with cryptocurrency custody and ensure no market manipulation can take place before approving a crypto exchange-traded fund.

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