The company agreed to stop selling its interest-bearing account in the U.S. and launch a new one tailored to the Securities Act of 1933. Half of the settlement money will go to the SEC. The other $50 million will be split among 32 states.| Banking Dive
As the popularity of cryptocurrencies has grown in recent years, new legislation and regulatory guidelines have emerged on both the state and federal levels.| Justia
SEC v. Howey Co.| Justia Law