Law of the Ledger is designed to provide breaking news, insights, legal analysis and resources in legal issues related to the blockchain technology and digital currency sphere. Check back as we will provide periodic updates on other significant rulings. We anticipate that this event will lead to a flurry of activity by others seeking no action letters. While this is a somewhat restrictive use of tokens, it is nevertheless significant that the SEC has issued the no-action letter. In essence, this sounds like a very closed loop system and it appears the tokens will not be tradeable on public crypto exchanges. TKJ will restrict transfers of Tokens to TKJ Wallets only, and not to wallets external to the Platform. The current CoinMarketCap ranking is 9, with a live market cap of 11,063,178,079 USD. Dogecoin is down 0.32 in the last 24 hours. We update our DOGE to USD price in real-time. The proposed TKJ Tokens will operate and be deployed on a private, permissioned, centralized blockchain network and smart contract infrastructure operated by TKJ. The live Dogecoin price today is 0.077917 USD with a 24-hour trading volume of 240,003,551 USD. It warned that any different facts or conditions might require the Division to reach a different conclusion and that the response expresses the Division’s position on enforcement action only and does not express any legal conclusion on the question presented.
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