In a notable development, the SEC has won a case against blockchain firm Rivetz over the sale of unregistered securities.
What Happened: U.S. District Judge Mark Mastroianni granted the SEC’s motion for summary judgment, a decision made without a trial, CoinDesk reported Tuesday. The SEC is set to confer with Steven Sprague, CEO of Rivetz, and file a proposed judgment for injunctive and monetary relief by Oct. 22.
The SEC action against Rivetz was initiated in 2021, alleging the firm of offering unregistered securities and violating the Securities Act during a …
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