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When Beba, a startup based in Waco, Texas, offered customers a chance to buy exclusive products at a reduced price with its digital token, BEBA, it didn't think much about the Securities and Exchange Commission.
"Like any business owner, I'm always thinking about new and innovative ways to reach more customers, grow support for our products, and build more awareness of Beba's mission," co-founder Nathan Hennigh says in a press release.
"Unfortunately, my brother and I are operating in a state of constant uncertainty because of the SEC's dangerous track record of haphazardly going after businesses that use digital assets just like our $BEBA token."
That's why Hennigh and his brother, Jonathan, have filed a lawsuit against the SEC, arguing that the agency's "unwritten but aggressively enforced rule that all digital assets are securities" is unconstitutional and hurts Beba's ability to operate, the Washington Post reports.
"The SEC's unjust and ad-hoc enforcement campaign threatens businesses of all kinds, including companies like Beba who want to be able to use innovative technologies for legitimate business reasons," says Miller Whitehouse-Levine, CEO of the nonprofit DeFi Education Fund, which filed the complaint Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Tom Swaninger is the superintendent of Arizona's Sedona-Creek School District, a post he's held since 2009. Jill Swaninger is an English teacher in the district and his wife, Jill Sharer, is also...more
"We wanted an environment where our children could excel academically and build physical competence and confidence during the summer," Christa and Sunday Eniojukan say of the summer camp they...more
Wetzell Wetzell was an architect in New York City until she "met some friends of friends" who "worked as creatives and was blown away that that was a job." She moved back home to Sydney,...more
When New Jersey resident Samantha Pearlman Mazuz lost her mother in a car accident when she was 19, she didn't think much of what would happen to her for the rest of her life. "I didn't know what...more
Two Houston-area schools were closed Wednesday due to power outages, KPRC reports. High School and Winship Elementary School in the Spring Independent School District closed "out of an abundance...more
New York state's school boards are getting a boost from voters: The state's teachers' union says 97% of school budgets passed in Tuesday's vote, with 84% of union-endorsed candidates elected to...more
The University of Tulsa's department of electrical and computer engineering has a new exhibit at the Tulsa Air and Space Museum, and it's a doozy. It features an F-16 fighter simulator, as well...more
Foundation: Heinz Endowments, Richard King Mellon Foundation
Imagine a world where every child has access to high-quality, affordable education. That's the vision of a group called Remake Learning, which this month hosted the firstForge Futures summit in...more
"More than ever before, students are asking us how they can 'future-proof' their educational route. They're keen to minimize the risk of their future degree being gazumped by a job market...more
Education News from...
Heinz Endowments
Richard King Mellon Foundation
Mackinac Island Community Foundation
Community Foundation of the Virgin Islands
Northern New York Community Foundation
Ontario Trillium Foundation
Greater Manhattan Community Foundation
Bohemian Foundation
Brown Foundation
Amgen Foundation
Social Entrepreneurship
Spotlight
5 Steps to Social Innovation
While philanthropy, social responsibility and corporate governance all already play a role, we will probably see more powerful contributions when companies embed social innovation into their core business strategies and operations.
