Tierion has reached a settlement and received a waiver from the SEC in connection with the Company's sale of the TNT token in July 2017. https://medium.com/tierion/tierion-sec-settlement-waiver-e3f91ab591bf
Tierion SEC Settlement & Waiver

Today, Tierion announced a settlement and waiver with the SEC in connection with the Company’s sale of an ERC-20 token between July 22…

https://medium.com/tierion/tierion-sec-settlement-waiver-e3f91ab591bf
This SEC settlement and waiver allows Tierion to complete the retirement of the TNT token, and to move forward without a heavy regulatory burden. In February 2020, we launched a new network based entirely on Bitcoin.
Under the settlement:

- Tierion will pay a $250,000 civil fine
- The TNT token will not be registered as a security
- The TNT smart contract has been permanently paused
Additionally, Tierion will administer a claims process to those who participated in the TNT token sale or currently hold TNT, as further specified in the SEC Order.
SEC Order:
https://www.sec.gov/litigation/admin/2020/33-10914.pdf
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