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Tag Archives: Munchees
The SEC Shuts Down Munchee’s ICO as Unregistered Securities Offering
A recent order by the SEC relating to an initial coin offering (ICO) by Munchee Inc. dealt a blow to the common practice of making a distinction between “utility tokens” and “security tokens.” In doing so, the SEC seems to … Continue reading
Posted in Technology & Cyberlaw
Tagged Down, Munchees, offering, Securities, Shuts, Unregistered
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The SEC has the Munchees: Eating away at the “utility token” theory
Yesterday, the SEC issued an enforcement order regarding Munchee’s token offering and SEC Chairman Jay Clayton released a general public statement on cryptocurrencies and ICOs. For those who previously read our post about the SEC’s report in the DAO, much of … Continue reading
Posted in Banking and Finance law
Tagged Away, Eating, Munchees, Theory, token”, Utility
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