đ¨ Crypto News Flash! đ¨
The SEC just bagged another win against a crypto firm! This time, Rivetz Corp and its CEO, Steven Sprague, are in the hot seat for selling unregistered securities via their Ethereum-based RvT token. đź
Judge Mark Mastroianni ruled that Rivetz's ICO tied the token's value to their security ecosystem dreams, making it a security under the Howey test. Sprague argued the token was just software, but the court wasn't buying it.
What do you think? Is the SEC cleaning up the crypto space or stifling innovation? Drop your thoughts below! đ
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