Tag Archives: BlockVest

US Judge Denies SEC Push for Injunction Against Crypto Startup

A federal judge has denied a preliminary injunction filed by the U.S. Securities and Exchange Commission (SEC), which sought to freeze assets belonging to crypto startup Blockvest based on alleged violations of securities laws. In a ruling dated Nov. 27, U.S. District Judge Gonzalo Curiel ruled that the SEC has not proven that Blockvest – or its founder… Read More »

Judge Slaps Down SEC Attempt to Label ICO Token as Security

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. US District Judge Gonzalo Curiel of the Southern District of California declared yesterday that the Blockvest ICO is, in essence, not a security — or at the very least that the Securities and… Read More »

SEC Sues Blockvest ICO for Making False Claims

The U.S. SEC is suing Blockvest LLC and its progenitor Reginald Buddy Ringgold III for falsely claiming the regulator’s approval for its planned ICO. The regulator is seeking an injunction against the defendants to return all financial gains from its ICO activities. The SEC’s Complaint Against Blockvest ICO According to a press release on the regulator’s website, the… Read More »

SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval

Advertisement The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka Rasool Abdul… Read More »

Regulators Sue ICO Company That Falsely Claimed SEC Approval

The Securities and Exchange Commission said Thursday that it secured an emergency court order against an initial coin offering and its organizer who had claimed to have received approval from the agency. According to the Oct. 11 statement, Reginald Buddy Ringgold allegedly claimed that the ICO was given the green light by regulators. Ringgold and BlockVest, the agency said,… Read More »