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SEC issues no-action letter for Ethereum token “Quarters,” what it means for crypto

In a step forward for crypto regulation, the Securities Exchange Commission granted no-action relief to Pocketful of Quarters for its Ethereum ERC-20 token โ€œQuartersโ€โ€”assuring the startup that the Commission will not take enforcement action. Pocketful of Quarters (PoQ) is a blockchain startup headed by CEO George Weiksner, age 12, and his father, PoQโ€™s CTO, Michael […]

SEC issues no-action letter for Ethereum token “Quarters,” what it means for crypto