SAFTs

The SAFT Is Alive But Who Knows How Well

2 months ago admin2 Comments Off on The SAFT Is Alive But Who Knows How Well
Risky and rational. That about sums up the state of U.S. token sales in the wake of new dialogue on whether the mechanism, by which startups are issuing custom cryptocurrencies to raise funds, is compliant with the law. Lost in the dialogue, however, has been that there are many more specific types of token sales. Read More

SEC Official Says ‘Dozens’ of Crypto Investigations Underway

3 months ago admin2 Comments Off on SEC Official Says ‘Dozens’ of Crypto Investigations Underway
A top official at the U.S. Securities and Exchange Commission (SEC) has confirmed the existence of numerous investigations into initial coin offering (ICO) campaigns. On Thursday, Stephanie Avakian, co-director of the SEC’s Enforcement Division, said the agency had “dozens” of investigations that relate to cryptocurrency and ICOs, according to Bloomberg BNA, during an appearance at Read More

Report Warns SAFT May Increase Legal Risk of Token Sales

7 months ago admin2 Comments Off on Report Warns SAFT May Increase Legal Risk of Token Sales
Far from insulating token issuers against regulatory actions, the proposed SAFT framework may actually increase the risk certain sales run afoul of securities laws, according to a new report out today. If put into practice, the Simple Agreement for Future Tokens (SAFT) structure could misalign incentives, encouraging sophisticated early investors to flip tokens for a Read More