Exploring the Legal Implications of Offering and Selling Crypto Assets
by SEC vs. the WorldSeptember 14th, 2023
Too Long; Didn't Read
This section provides insight into the legal aspects of offering and selling crypto assets. It covers various capital-raising events, including ICOs, crowdsales, and token sales, and the marketing materials used by issuers. Additionally, it discusses the ongoing sale of crypto assets on trading platforms. Understanding these legal intricacies is essential for anyone involved in the crypto asset space.
SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 13 of 69.
BACKGROUND
II. BACKGROUND ON CRYPTO ASSETS AND CRYPTO TRADING PLATFORMS
C. The Offer and Sale of Crypto Assets
69. Persons have offered and sold crypto assets in capital-raising events in exchange for consideration, including but not limited to through so-called “initial coin offerings” or “ICOs,” “crowdsales,” or public “token sales.” In some instances, the entities offering or selling the crypto assets may release a “whitepaper” or other marketing materials describing a project to which the asset relates, the terms of the offering, and any rights associated with the asset.
70. Some issuers continue to sell the crypto assets after the initial offer and sale, including by directly or indirectly by selling it on crypto asset trading platforms.
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This court case 1:23-cv-01599 retrieved on September 6, 2023, from docdroid.net is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.
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