SEC formally charges two cryptocurrency firms

Crypto Asset Management, a cryptoasset hedge fund, was charged with misrepresentations and registration failures — falsely marketing itself as a regulated crypto asset fund while actually operating as an unregistered investment company. The second company, Token Lot, was charged with being an unregistered broker-dealer. (Source: CCN)

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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