The Securities and Exchange Commission today announced that it has resolved the allegations with Zachary Coburn, the founder of EtherDelta, for operating an unregistered national stock exchange. The platform was a secondary market for trading ERC-20 tokens, which are based on the blockchain etneo – the most popular blockchain for crowdfunding companies when working on an initial coin offering (ICO). "We are witnessing a moment of significant innovation in the securities markets with the use and application of distributed ledger technology," said Steven Peikin, co-director of the SEC Enforcement Division, in a press release. "But to protect investors, this innovation requires the careful supervision of the SEC of digital markets and the enforcement of existing laws." According to the press release, Coburn agreed to pay $ 300,000 in disgorgement, $ 13,000 in injury interest and a $ 75,000 fine.
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