The SEC has issued its 1st ever letter saying it won't take action against a cryptocurrency business by DelRayMan
Share to linkedin
The company that received the precedent-setting letter, called a “No Action Letter,” was TurnKey Jets, a startup that offers an all-inclusive private jet service including the plane, crew, and pilot. Interestingly, the company’s website has no mention of a crypto-token, which appears to play a role in the actual reservation of the services.
The No Action Letter itself includes six key points as specifically relates to TurnKey Jets. Notably, the company has promised not use any funds from token sales to develop its platform, network and applications, each of which will be fully developed and operational when the tokens are sold. Also, the tokens will be immediately usable to purchase air charter services when they are sold.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US judge gives Tesla CEO Elon Musk, SEC two weeks to work out their issuesUS Judge Alison Nathan ordered Musk and the SEC to 'take a deep breath, put on your reasonableness pants' and work out a solution.
Read more »
U.S. SEC issues guidelines to help analyze crypto assetsThe U.S. Securities and Exchange Commission on Wednesday issued guidelines to he...
Read more »
Kentucky, Auburn bring high-flying SEC rivalry to Elite Eight stageThe Wildcats and Tigers, familiar SEC foes, battle for a spot in the Final Four.
Read more »
Elon Musk, Tesla faulted by SEC as U.S. judge weighs billionaire's contempt caseA federal judge in Manhattan began considering on Thursday whether Tesla Inc Chi...
Read more »
Elon Musk's battle with the SEC heads to courtOn Thursday at 2 pm ET, a federal judge in New York will hear oral arguments in a lawsuit brought by the US Securities and Exchange Commission that seeks to hold Tesla CEO Elon Musk in contempt for violating a settlement deal.
Read more »
SEC sides with Exxon by blocking major climate voteThe Securities and Exchange Commission granted Exxon's request to block a shareholder resolution that would've urged the oil behemoth to adopt and disclose greenhouse gas emissions targets on its business and products in line with the Paris climate accord
Read more »
SEC delays disputed plan to probe exchange pricing conflictsThe U.S. Securities and Exchange Commission on Thursday delayed a controversial ...
Read more »
Tesla's Elon Musk, SEC ordered by U.S. judge to try to settleA federal judge on Thursday ordered the U.S. Securities and Exchange Commission ...
Read more »
Elon Musk safe for now as U.S. judge urges Tesla CEO, SEC to resolve tweet disputeTesla's Chief Executive Elon Musk and the U.S. Securities and Exchange Commission face off in court via ReutersTV
Read more »