SEC files charges against Quantstamp for $28M initial coin offering

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The SEC's charges Quantstamp over its $28 million ICO in 2019 - with the company settling the charges.

the California-based firm on July 21 for conducting an unregistered initial coin offering of “crypto asset securities”. According to the statement from the SEC, Quantstamp agreed to settle the charges.

According to the SEC, Quantstamp failed to register its offering and sale of QSP tokens, which the agency deemed to be securities.

 

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