Way Down in the Hole — Wireline Appears to Have Confused the SEC With an Agency That Wants to Repeat Itself

The U.S. Securities and Exchange Commission (“SEC”) entered an order on Dec. 15, 2020 with Wireline, Inc., related to the company’s unregistered offering of securities using a simple agreement for future tokens (“SAFT”). Like Omar from the highly regarded HBO show, The Wire, who warned other characters, “You got me confused with a man who repeats himself,” the FinTech community appears to have the SEC confused with an agency that wants to repeat itself....
By: Nelson Mullins Riley & Scarborough LLP

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