SEC Gets Court Order Against $600 Million Initial Coin Offering

Federal regulators moved to halt an initial coin offering that allegedly raised $600 million in what amounts to the biggest U.S. intervention yet into the world of raising money by issuing digital tokens. The Securities and Exchange Commission said it obtained a court order that permits a receiver to seize cryptocurrencies held by Dallas-based AriseBank, which allegedly marketed and received the proceeds from the coin offering.

The GigaLaw Firm helps companies of all sizes protect their brands online, using domain name dispute policies – such as the Uniform Domain Name Dispute Resolution Policy (UDRP) – and other legal tools available to copyright and trademark owners on the Internet.