Munchee ICO Halted: SEC Reaffirms its Decision on The DAO

Julianne DardanesCryptocurrency, Market Rules & Responsibilities


The Securities and Exchange Commission (SEC) issued an order last week declaring an ICO token to be a security and hence subject to corresponding regulation.  Following on from its similar ruling with respect to The DAO on July 25th, the SEC held that Munchee Inc.’s efforts to promote its supposed “utility token” so emphasized the company’s planned efforts to spur … Read More

CME, CFE, and Cantor Certify New Bitcoin Derivatives

Julianne DardanesCryptocurrency, Market Rules & Responsibilities


On Friday, December 1st, the U.S. Commodity Futures Trading Commission (CFTC) agreed to allow trading of bitcoin derivatives on the Chicago Mercantile Exchange (CME), CBOE Futures Exchange (CFE), and the Cantor Exchange. The CME and CFE both self-certified new contracts for bitcoin futures, while the Cantor Exchange self-certified a new contract for binary options on bitcoin. The CFE plans to … Read More