Bloom Protocol: SEC Orders Startup To Register ICO Tokens or Pay US$31 Million Penalty

Blockworks | Shalini Nagarajan | Aug 10, 2022 Crypto startup Bloom Protocol has been ordered by the SEC to register its tokens or face a $31 million fine. The regulator issued a cease-and-desist order to the company on Tuesday, accusing it of offering unregistered securities. Bloom violated the Securities Act by offering and selling Bloom

The post Bloom Protocol: SEC Orders Startup To Register ICO Tokens or Pay US$31 Million Penalty first appeared on National Crowdfunding & Fintech Association of Canada.