New Jersey Bill to Treat Crypto Sold to Institutional Investors as Security
According to state law, the New Jersey General Assembly may contemplate a bill defining when a digital asset or “virtual currency” qualifies as a security. New Jersey would classify as securities all virtual currencies issued and sold to institutional investors, according to legislation introduced on November 29 by Democratic Assemblymember Herb Conaway, Jr. According to […]
New Jersey authorities issue Voyager digital ‘cease and desist’ order
New Jersey Bureau of Securities has issued Voyager Digital a cease and desist order for marketing unregistered securities through its Voyager Earn program in the United States Voyager Digital (VGX) a crypto-based staking, trading, and lending network that is centralized. The order contends that each of the crypto staking and lending accounts issued through the […]
New Jersey postpones effective date of cease-and-desist order for BlockFi until December
An extension to a New Jersey cease-and-desist order for new interest accounts at crypto lender BlockFi will take effect on December 1, according to a statement released by the company on Wednesday. According to BlockFi , the New Jersey Bureau of Securities has approved the third extension of its cease-and-desist order, marking the third time […]
Texas and New Jersey regulators files lawsuit against Celsius Network
The Texas Securities Commission will look into claims that Celsius Network is offering and selling securities that are not registered or permitted in Texas, and is not registered as a broker-dealer under the state’s Securities Act. After a hearing, the Texas State Securities Board may require Celsius Network to stop offering securities registered with the […]