SEC Charges Impact Theory for Unregistered NFT Offering

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BitBoy Crypto Mutiny

• Ben Armstrong, the influential figure behind BitBoy Crypto, has parted ways with the company following speculation and rumors.
• Armstrong confirmed the news on his personal X account joinBENCoin.
• TJ Shedd & Justin Williams were accused of attempting a coup at Armstrong’s company.

BitBoy Crypto Host Departs Unexpectedly

Ben Armstrong, a well-known figure in the crypto community and host of BitBoy Crypto, recently announced his departure from the company amid ongoing speculation and rumors. On his personal X account joinBENCoin , Armstrong stated that „TJ Shedd & Justin Williams have attempted a coup at my company… There has been a mutiny at BitBoy Crypto & Hit Network.“ Despite no further information being disclosed about the situation, it is clear that Armstrong’s departure was sudden and unexpected.

SEC Charges Impact Theory for Unregistered NFT Offering

The US Securities and Exchange Commission (SEC) recently charged Impact Theory with “unregistered NFT offering,“ signaling an expansion of enforcement actions to include non-fungible tokens (NFT). According to SEC officials, Impact Theory was found to be offering unregistered securities in violation of federal securities laws. The agency’s enforcement action against Impact Theory marks an important milestone in its efforts to regulate digital asset markets and ensure investor protection in this growing sector.

Rep. Patrick McHenry Calls Proposed Crypto Tax Rules An ‚Attack‘

US Congressman Patrick McHenry recently voiced his opposition to proposed crypto tax rules by calling them an „attack on the digital asset ecosystem.“ He argued that these rules are overly burdensome for investors who primarily use crypto assets as investments or stores of value rather than as currencies for everyday transactions. Additionally, he pointed out that such rules could stifle innovation by deterring individuals from entering into new investment opportunities within the industry due to fear of taxation.

Worldcoin Whistleblower Severs Ties With Project

A Worldcoin whistleblower known only as „Anonymous“ publicly severed ties with the project earlier this week after accusing it of unethical practices including insider trading and evidence tampering. In a statement posted on social media platforms, Anonymous claimed that Worldcoin „deserves whatever will come next“ and urged others to stay away from investing in it due to potential risks involved. This development highlights yet another instance where whistleblowers have taken steps to protect their own interests while bringing attention to alleged wrongdoing within cryptocurrency projects they are involved with.