SEC Issues Historic First Letter Saying It Will Not Take Action Against A Cryptocurrency Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The SEC has issued its 1st ever letter saying it won't take action against a cryptocurrency business by DelRayMan

Share to linkedin

The company that received the precedent-setting letter, called a “No Action Letter,” was TurnKey Jets, a startup that offers an all-inclusive private jet service including the plane, crew, and pilot. Interestingly, the company’s website has no mention of a crypto-token, which appears to play a role in the actual reservation of the services.

The No Action Letter itself includes six key points as specifically relates to TurnKey Jets. Notably, the company has promised not use any funds from token sales to develop its platform, network and applications, each of which will be fully developed and operational when the tokens are sold. Also, the tokens will be immediately usable to purchase air charter services when they are sold.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DelRayMan Basically, when you pay cash for tokens to play pinball, that is ALL they are good for. Got it boys and girls ?

DelRayMan 🚀🚀🚀

Ireland Ireland Latest News, Ireland Ireland Headlines