Block.one charged by SEC for unregistered securities offering

The U.S. Securities and Exchange Commission has charged Block.one, the company behind EOS ($EOS), with conducting an unregistered securities offering related to the multi-billion token sale. The SEC order finds that Block.one violated the registration provisions of the federal securities law by failing to register its token sale as a securities offering or seek proper exemptions. Block.one consented to the order without admitting or denying its findings and will pay a $24 million civil penalty.