Dissecting the Block.one Settlement with the SEC
As you all may know, Block.one, famous for raising a $4 billion ICO in 2017, announced a settlement with the SEC today.
👉🏻 DOWNLOAD THE ANNOTATED SETTLEMENT AND WAIVER LETTER HERE.
Immediately, questions around the settlement started pouring in: why did Block.one “only” have to pay a $24 million fine in the settlement? What did the SEC find that Block.one violated? How the hell did they even get away with “just” having to pay a fee, and keep operations as is?
To understand those questions, I read both the settlement order, as well as the waiver letter that Block.one’s lawyers wrote to the SEC. I have almost no words except..holy shit, those lawyers are good. Take a read here…i’m sure you’ll come to a similar conclusion. Let me know what you think. I might post something longer tomorrow when I can write coherent sentences again…