Tag Archives: EtherDelta

SEC in First Enforcement Action Against Token Exchange

By C. Neil Gray and Le-el D. Sinai on 9 November 2018 Posted in FinTech Trends, Regulatory Compliance

On November 8, 2018, the U.S. Securities and Exchange Commission (the “SEC”) settled its first case against an unregistered cryptocurrency exchange. Zachary Coburn, founder of EtherDelta, agreed to pay $313,000 in disgorgement and interest, along with a civil fine of $75,000, in order to settle SEC allegations that EtherDelta was acting as an unregistered securities … Continue Reading