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US Congressman Brad Sherman Calls for US Ban on Cryptocurrencies
A US Representative is urging his colleagues to join him in implementing a nationwide US ban on cryptocurrencies. This cryptocurrency-averse stance comes as the Representative fears that cryptocurrency could replace the US dollar if not immediately curbed.  Sherman: ”Cryptocurrencies are only useful for criminals” Specifically, the Congressman in question is the notoriously Bitcoin-averse California Democrat Representative Brad Sherman (D). He made these recent comments during a meeting of the House…
SEC Ruling on TurnKey Jet ICO Tokens Not Securities, New Digital Currency Framework
Regulations
SEC Ruling on TurnKey Jet: ICO Tokens Not Securities, New Digital Currency Framework?
The United States Securities and Exchange Commission (SEC) has issued a no-action letter confirming TurnKey Jet’s ICO tokens (TKJ) are not securities. In a positive move for largely unknown jet-leasing start-up TurnKey Jet, the SEC has released a letter in which it states that the tokens the firm issues during its initial coin offering are not securities so long as they adhere to a number of conditions. As a result,…
Regulatory Clarifications to Come, SEC to Hire Crypto Specialist
Regulations
Regulatory Clarifications to Come, SEC to Hire Crypto Specialist
In a move that some would consider long overdue the SEC has posted a job opening for a “crypto specialist attorney advisor.” This seems like a step in the right direction for an agency which has been dragging its feet when it comes to regulation. While other countries like Thailand, France & Malta have passed regulations governing cryptos and ICOs, the United States has yet to lay out a comprehensive…
Controversial EU Internet Censorship Law Receives Final Approval
Regulations
Controversial EU Internet Censorship Law Receives Final Approval
In a move that could potentially change the entire nature of the internet, the European Parliament chose to back a law surrounded by controversy. This law, designated as the ‘Copyright Directive’ will hold tech businesses accountable for materials which are posted on their website without gaining the necessary copyright permission. There are many – like creators and musicians – who suggest that the new law will help to fairly compensate…