Block One Illegally Sold Securities To Build Eos Sec Finds
“Block.one did not register its ICO as a securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements,” said the US Securities and Exchange Commission (SEC) via a press release. The SEC highlighted the publishing of its investigation into autonomous blockchain firm “The DAO,” which clearly detailed its position on how tokens like EOS fit in with US securities law, especially with concern to ICOs....