The cryptocurrency’s price volatility and the lack of accounting guidance on holding digital assets keep Bitcoin off most companies’ balance sheets.
The SEC must ensure that crypto markets "are free of fraud and manipulation,” Gary Gensler told the Senate Banking Committee.
Ripple's CEO says the company will fight the suit, calling it "an attack on the entire crypto industry and American innovation."
The SEC says John McAfee promoted initial coin offerings without disclosing that issuers paid him more than $23 million for his promotions.
The blockchain startup is the latest company to be sanctioned by the SEC for failing to provide a registration statement for a digital asset offering.
The SEC reaches settlements with a hedge fund manager and the owners of TokenLot in cases alleging registration violations.
