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Blockstack wins first-ever SEC approval for a token offering under Reg A+ listing

by Frank Chaparro

July 10, 2019, 7:37PM EDT  ·  2 min read

Quick Take

  • The Security and Exchange Commission approved Blockstack’s token offering under Reg A+, an accelerated path for smaller companies to raise money publicly
  • This is the first approval the SEC gave for a token offering, after a series of crackdowns the regulator led against unregistered ICOs it deems as securities

by Frank Chaparro

July 10, 2019, 7:37PM EDT  ·  2 min read

The Securities and Exchange Commission (SEC) gave blockchain startup Blockstack the go-ahead today to conduct a $28 million digital token offering under Regulation A+, the first token offering of its kind ever approved by the SEC, according to the firm.

The SEC has launched a series of crackdowns on unregistered initial coin offerings (ICOs), with the latest including a dispute with messaging app Kik over its $100 million ICO.