Crowdfunding ECO Town Hall Ask to Join

An entity is getting ready to challenge the SEC: 

Why is Kik Challenging The SEC In Anticipated Crypto ICO Court Case?

https://www.newsbtc.com/2019/01/28/kik-challenging-sec-anticipated-crypto-ico-court-case/ 

Chat App Kik Says It Will Fight SEC Over Possible ICO Action

https://www.coindesk.com/chat-app-kik-says-it-will-fight-sec-over-possible-ico-action

Interesting article in Forbes that talks about the efforts of Congressman Warren Davidson and also the differences between the US and Switzerland as it relates to crypto startups:  

In December, Warren Davidson introduced a new digital token bill, aiming to kill the uncertainty and keep innovation inside U.S. borders.  Full article:  

https://www.forbes.com/sites/jeffkauflin/2019/01/10/crypto-startups-are-fleeing-the-usthis-bill-is-trying-to-stop-them/#340fc2432267

In the news: 

U.S. Rep. Warren Davidson of Ohio announced a plan to regulate cryptocurrency and initial coin offerings through the federal government.

The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings more effectively,” Cleveland.com reported.

Also: 

Pro-Crypto Wheels Already In Motion

Meanwhile, there are a lot of wheels in motion in Washington, D.C. geared toward promoting the mainstream adoption of cryptocurrencies.

In September 2018, Republican Congressman Tom Emmer introduced three bills that will support the development of crypto and blockchain, the technology underpinning bitcoin.

The three bills are:

1. Resolution Supporting Digital Currencies and Blockchain Technology.
2. Blockchain Regulatory Certainty Act.
3. Safe Harbor for Taxpayers with Forked Assets Act.

Emmer — who is co-chairman of the Congressional Blockchain Caucus — said the United States should prioritize the development of blockchain and create an environment that will enable the private sector to lead on innovation.

“This is an exciting time for blockchain technology and cryptocurrencies,” said Emmer. “Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.”

See releated articles here: https://www.cleveland.com/news/2018/12/us-rep-warren-davidson-announces-legislation-to-regulate-initial-coin-offerings-at-blockchain-solutions-conference.html 

https://www.ccn.com/congresss-biggest-bitcoin-bull-is-finalizing-bill-to-exempt-icos-from-securities-laws/ 

#R...@...house.gov 

KoreConX announces its partnership with CrowdCheck Law LLP, a leading law firm helping companies navigate through the JOBS Act regulations.

CrowdCheck Law, LLP is an affiliated law firm of CrowdCheck, Inc., a market leader in compliance services for modern, online capital raising driven by the new securities regulations implementing the JOBS Act of 2012. The company was responsible for 30% of all approved Reg A+ offerings in the USA and also helps companies with creating documents for Reg CF, Reg D rules 506(b) and 506(c), among others.

CrowdCheck corporate and their securities attorneys have deep backgrounds in all types of securities offerings and prior experience working at the Securities and Exchange Commission as well as some of the world's most prominent law firms.

Full story: https://www.prweb.com/releases/leading_jobsact_dc_law_firm_joins_korepartners_ecosystem/prweb15948452.htm 

ORIGINALLY PUBLISHED ON TECHNODE: see: https://technode.com/2018/12/03/sto-illegal-fundraising/ 

Beijing has issued a warning about illegal activities associated with Security Token Offerings (STO), a move that underscores the Chinese government’s resolve in controlling cryptocurrency fundraising in the country.

At 2018 the Global Wealth Management Forum held on December 1, Huo Xuewen, head of the Beijing Financial Supervision Authority, said the government would crack down on STOs until it had approved the process, saying that they would be seen as illegal financial activities in the interim.

“I will issue a risk warning to those who promote and issue STO tokens in Beijing. My advice is to only engage in such offerings when the government has legalized them,” he said.

Huo’s comments show that Beijing’s financial authority is cautious of  STOs, which are still in the early stage of development and have few successful cases around the world.

An STO is a form of fundraising that shares the profits or pays interest to the token holder based on an underlying asset. While initial coin offerings (ICOs) have been fraught with claims of fraud from users, an STO is often portrayed as a “safer” form of raising funds.  STO tokens must be supported or backed by something tangible, including the assets, profits, or revenue of a firm.

China has been tightening its grips on cryptocurrencies over the past two years. After issuing a complete ban on ICOs last year, the country has begun enforcing a series of increasingly strict regulations. Following demands from internet regulators, WeChat permanently shut down a dozen widely followed blockchain-related official accounts in August. The National Internet Finance Association of China regulates 124 cryptocurrency trading platforms whose servers are all overseas. It has also inspected and shut down domestic initial coin offering or trading platforms, WeChat accounts, and limited their access to payments.