🚨 Crypto News Flash! 🚨
The SEC scored a partial win against blockchain firm Opporty International and its owner, Sergii Grybniak, over an allegedly fraudulent ICO. 🕵️♂️
- Judge Eric Komitee ruled that Opporty’s “OPP” tokens were unregistered securities under the Howey test.
- Grybniak argued the sale was exempt under Reg D/S, but the judge found the SEC's guidance too vague.
- However, the judge agreed Opporty didn't meet exemption requirements, citing "directed selling efforts" in the U.S.
What do you think about the SEC's stance on ICOs? Drop your thoughts below! 💬
#CryptoNews #Blockchain #SEC
