The US Securities and Exchange Commission (SEC) announced that the distributed exchange, EtherDelta, is an unregistered stock exchange.
According to the SEC official announcement, ” EtherDelta made over 3.6 million transactions of digital asset securities ERC 20 token over 18 months, under the Securities Act, despite unregistered stock exchanges ” I will.
The SEC states that DAO (Distributed Autonomous Organization) issued at Ethereum falls under digital asset securities, and the cryptocurrency exchange dealing with DAO obliges to apply for registration and exemption to the SEC .
Although this view was announced in mid-2017, the SEC is concerned that the majority of EtherDelta’s transactions were done after the announcement.
Zechary Coburn, founder of EtherDelta, is silent against this announcement, but I agree to pay a fine of $ 75,000 depending on the order.
Article Source: SEC Charges EtherDelta Founder With Operating an Unregistered Exchange
Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/sec-etherdelta/
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