SEC gives OK to social media platform to issue stablecoin without registering as a security

by Aurelia Butler 19 November 2020, 23:20 199 Views

The SEC letter issued on Nov. 19 says that its Division of Corporation Finance would “not recommend enforcement action” against avatar social platform IMVU issuing its VCOIN digital asset under certain conditions. The commission will allow the firm to offer the token without registering it as a security.

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SEC gives OK to social media platform to issue stablecoin without registering as a security

Jim Cramer: Ten 'up stocks' to bet on a year-end rally

Trump International Hotel Washington DC sale put on indefinite hold

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