So the SEC has filed suit saying that Arise Point is a security. The FBI raided his home to seize evidence on that suit. Jared claims that Arise Point is a Utility Token to use Arise Bank.
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So the SEC has filed suit saying that Arise Point is a security. The FBI raided his home to seize evidence on that suit. Jared claims that Arise Point is a Utility Token to use Arise Bank.
So here is the cease and desisit order.... They can not use the word "bank." https://www.dob.texas.gov/public/uploads/files/Laws-Regulations/orders/2018-001.pdf