SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities

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According to the SEC order, CoinAlpha declined to register its business, which involved investing in and distribution of crypto assets, as required by federal law. The company, according to the SEC notice, had applied for a distribution license exemption, but it didn’t fit the criteria for approval. Despite that, CoinAlpha engaged itself in the activities that violated the specification of the US federal law.


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