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Polygon Labs requests a new ‘exchange’ definition from the SEC


The US Securities and Exchange Commission recently sought a revised definition of ‘exchange’. The Commission has urged ventures to qualify for the category only after all the individuals or entities running the processor to facilitate communication have registered with them. While this may sound...

SEC responds to the last week’s Third Circuit’s decision


The SEC responded formally to the Third Circuit Court of Appeals’ ruling last week, which weakened its authority to take back money gained through violating securities laws. This decision diminished the SEC’s power to demand disgorgement, a key part of retrieving illegally obtained...

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