On Oct. one the SEC announced from a press release that it has settled the charges against the firm associated with the Sia network consist of a civil monetary punishment. Nebulous settled the charges while not admitting or denying currently the findings.

The United States Securities and Responsible Commission (SEC) reached money with Nebulous, the group behind the Sia decentralized cloud storage network.

$225, 000 when disgorgement and penalties
Depending on the U. S. regulator, you see, the Massachusetts-based blockchain business in order to an unregistered offering towards Sianotes in 2014, for my total of $120, 1000, promising future revenue earn from transactions on the Tanto network.

As a part of settlement, Nebulous agreed to paying approximately $225, 000 with disgorgement and penalties.

Nebulous COO Zach Herbert reportedly said why:

“While disappointed that the SEC made a decision to pursue a steep punishment of almost double what we embossed in our 2014 offering and are generally Siafunds, especially compared to continue to keep lax handling of EOS, we view this understanding as highly positive towards Sia. By choosing not to go green against Siacoins, we believe our SEC has validated Sia’s two-token model. We will also build and improve the Sia network at a rapid step. ”

SEC reaches $24 somme settlement with Block. a

As Cointelegraph previously reported, that the SECOND recently reached a settlement on EOS parent healthy Block. one, to pay $24 million in penalties because conducting an unregistered essential coin offering (ICO).

Block. one brought up the equivalent of billions of dollars although failed to register its ICO as a securities offering during agreement with U. Erinarians. federal securities laws, “nor did it qualify for or pursue an exemption from the in order to register requirements, ” the SECOND stated.

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