SEC issues no-action letter in response to digital asset securities questions

SEC files insider trading charges years after iced tea company’s 2017 blockchain ‘pivot’

A now-infamous “pivot” from iced tea to blockchain tech that sent a publicly-traded company’s stock soaring has years later resulted in insider trading charges against three individuals. The Securities and Exchange Commission went public with its lawsuit on Friday, according to a press release, alleging that Eric Watson, Oliver-Barret Lindsay and Gannon Giguiere engaged in …

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