Description
The SEC sues Quantstamp for holding an unregistered initial coin offering and selling QSP tokens as investment contracts. Quantstamp has agreed to pay nearly $3.5M to settle these claims.
Legal Significance
QSP tokens satisfy all of the elements of investment contracts under Howey.
Status
Settled
Case No.
3-21535
Date Filed
July 21, 2023
Plaintiff
SEC
Defendant
Quantstamp Inc.
Court
-
Plaintiff Counsel
-
Defendant Counsel
-
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