SEC Reaches $24 Million Settlement With EOS Parent Firm

On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil monetary penalty. settled the charges without admitting or denying the findings. According to the press release,’s ICO of 900 million tokens “began shortly before the SEC released the DAO Report of Investigation and continued for nearly a year after the report’s publication.”

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