SEC OKs Crypto Token of US Video Streaming App YouNow

SEC OKs Crypto Token of Video US Streaming App YouNow

The US Securities and Exchange Commission has approved YouNow, a video platform that offers social live streaming, to distribute its own cryptocurrency, or Props, through leveraging the SEC’s Regulation A+ crowdfunding exemption. The company also operates a live streaming game show, dubbed WTF, which allows viewers to win cash prizes in the form of Ethereum.