BTC$37 124.90


ETH$2 014.82




Binance Coin




USD Coin

0.02%'s settlement with SEC

02 Oct 2019

#EOS has agreed to pay a $26 million fine set by the SEC over the company’s unregistered initial coin offering (ICO). The firm was facing SEC charges on accusations of having conducted an illegal sale of tokens.

Questions raised over the settlement of charges

The settlement that reached with the SEC has raised more questions than provided answers over the conduct of the regulator when it comes to dealing with ICOs. raised $4 billion through the offering of its EOS cryptocurrency in 2017. The $26 million that paid as a fine is less than 1% of the total amount that was raised during the ICO. The company has made this settlement without having to admit or deny the charges that were being leveled by the SEC.

The regulatory body’s penalty against is also light when the amount that was raised during the ICO is considered. There is no further action that has been taken against The company has not been forced to repay any of the investors that took part in the ICO and bought billions of dollars worth of EOS tokens. The only action that the company has faced is a civil penalty that is a drop in the bucket in comparison to the money raised during the ICO.

Confusion over SEC battle against illegal ICOs

Over the last two years, the SEC has been in an ongoing battle against several crypto related businesses that have conducted ICOs. The regulator has seemingly been going after the crypto industry by forcing firms to register their tokens as securities. The decision by the SEC to institute no more than a $26 million fine in the case of has led to a lot of confusion and shock at the lack of severity in punishment.

Several members of the crypto community offered their reactions to the decision that was made by the SEC. Gabriel Shapiro, an attorney who founded crypto-focused ZeroLaw, said that the decision looks bad for the SEC. He added that the decision sends the message that violating securities laws can go unpunished and can be a profitable endeavor. The same sentiments were echoed by Nic Carter, a partner at Castle Island Ventures, who said that the verdict shows that the government will not protect investors or demand responsibility from token issuers.

To add to these limited punishments that has faced, the company has avoided SEC requirements to register EOS as a security. According to’s statement on the decision made by the SEC, the ruling deals with the ERC-20 placeholder token that the firm offered to investors during its ICO and not to the actual EOS token that is currently being used in the crypto industry.

After this matter has been concluded, there is no clear answer regarding whether EOS is a security or if it constitutes a non-security. Cryptocurrency exchanges are not required to delist the crypto asset, and investors do not have a clear position on whether they are allowed to engage with the digital asset. The SEC needs to clarify its position on securities and give the crypto industry definite guidelines on token offerings.

Author: Ali Raza for Crypto-Rating.comþ


How Much Will EOS Be Worth?
How Much Will EOS Be Worth?
Best online trading platform for professionals
Best online trading platform for professionals
Pro traders cut their EOS longs
Pro traders cut their EOS longs
Three reasons why EOS price has pumped 100% in three days
Three reasons why EOS price has pumped 100% in three days
EOS & Block. One May Have Faked ICO Demand
EOS & Block. One May Have Faked ICO Demand
Prepare for the Altcoin Season
Prepare for the Altcoin Season

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 88% 8 $37 124.90 -0.47% -0.37% $725 979 422 329 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 49 $2 014.82 -1.51% 0.51% $242 269 390 077 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000330 0.02% 0% $88 928 230 890 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 81.2% 28 $226.07 -1.18% -12.22% $34 294 161 709 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 74.4% 43 $0.602840 -0.74% -1.08% $32 443 031 547 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000208 0.02% 0.02% $24 446 651 966 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 59.2% 87 $55.20 -1.21% -0.47% $23 372 380 856 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 67.2% 62 $0.373701 -2.49% -2.56% $13 190 969 317 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 48 $0.077428 -4.51% 1.37% $10 995 721 186 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 85.2% 27 $0.101432 -4.43% -0.04% $8 982 834 881 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80.8% 30 $0.101001 -5.25% -0.66% $8 944 901 508 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 82% 31 $2.43 3.24% 3.51% $8 336 905 865 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 67.2% 69 $13.99 -3.70% -1.20% $7 790 833 183 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 59.2% 86 $19.75 -3.74% -4.61% $7 209 936 712 AVAX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.