Crypto Prices Little Changed; Colorado Regulators Take Action Against Four ICOs

Investing.com – Cryptocurrency prices were little changed on Monday. Reports that Colorado regulators took action against four ICOs received some attention.

Bitcoin inched 0.2% to $6,446.2 by 1:40 AM ET (06:40 GMT) on the Bitifinex exchange.

Ethereum was down 0.02% to $212.72, and Litecoin fell 1.6% to $51.27. XRP slipped 0.1% to 0.50764.

The latest crackdown by Colorado’s “ICO Task Force” against Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd. brought the state’s total number of cease-and-desist orders against crypto startups to 12, according to CoinDesk.

“We want to ensure that the state’s securities market and the investors that operate within it are protected from unscrupulous actors that are taking advantage of the enthusiasm surrounding this field to perpetrate fraud and in some cases outright theft,” Colorado Securities Commissioner Gerald Rome told CoinDesk in an interview.

“There are many companies in Colorado that are working hard to conduct their ICOs the right way, and we are eager to continue working with them to build a regulatory framework for the industry as it relates to securities,” Rome added.

Earlier this week Texas issued emergency cease-and-desist orders to crypto mining firms based in Australia and Canada.

The report came after the U.S. Securities and Exchange Commission (SEC) charged Zachary Coburn, the founder of crypto token trading platform EtherDelta, with running an unregistered securities exchange last Friday.

The SEC said that EtherDelta allowed users to trade Ethereum-based tokens without registering accounts.

Citing people familiar with the matter, CoinDesk said at the time that this might be the first of many legal actions to come against crypto token exchanges.The article added that this is because such trading platforms have become an important priority for the agency’s enforcement division.

Like this: Like Loading...