The U.S. Securities and Exchange Commission (SEC) has charged a token listing website with unlawfully touting crypto securities. The site did not disclose that it was paid by the token issuers to profile their coin offerings.
SEC Charges Website Touting Security Tokens Without Clarifying Which Tokens Are Securities
The U.S. SEC announced Wednesday that a token listing website has been “charged with unlawfully touting digital asset securities.” The commission also stated that it has already settled charges against the operator of the website.
Coinschedule.com was a popular website that “profiled offerings of digital asset securities,” the SEC described, adding that its operator was a company based in the U.K. called Blotics Ltd. The regulator explained that the website was accessible in the U.S. from 2016 to August 2019, during which time U.S. visitors comprised a significant portion of its web traffic.
The website offered details of…