Foundation Grants
Community Vital Signs
About Us
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 Foundation News
A customized collection of news from foundations from around the Web.
A Kansas State University fraternity has donated $35,000 to a local animal shelter after one of its members was seriously injured in a car accident. Blake Aurand, a member of the Delta Sigma Phi...more
David Pecker, the former CEO of the parent company of the National Enquirer, took the stand in his own defense Thursday in the trial of Michael Cohen, President Trump's former personal...more
The Toronto Globe and Mail's "On the Scene" feature takes a look at some of the week's philanthropic events around Canada, including a record-setting auction that raised $250,000 for a mental-health...more
Nigeria's Mike Adenuga Jr. turned 71 yesterday, and in honor of the billionaire's big day, Business Insider has compiled a profile of him that includes this standout line: "In a universe often...more
If you're a billionaire in India, you may be on the Forbes list of the world's richest people. And if you're also a billionaire in India, you may also be on the Forbes list of the world's richest...more
If you're looking for a way to get your kids invested in their faith this summer, the Sunday School Store may have just the curriculum for you. The store has just released Season's of Faith, a...more
John Lithgow is a two-time Academy Award nominee, multiple Emmy, Tony, and Golden Globes winner, and has appeared in everything from The Old Man to Killers of the Flower Moon. But the 78-year-old...more
"It's time to be innovative," Pennsylvania state Rep. Eddie Day Pashinski said Friday during a panel discussion on the state's teacher shortage. "We all have a duty and responsibility to find...more
"Take our children to work day" isn't a phrase you'd typically associate with a university, but that's exactly what employees of the University of Oregon in Eugene did on April 25. As part of the...more
South Dakota's Rapid City and Sioux Falls are two of 13 communities to receive a child care grant from the Governor's Office of Economic Development, and they're using it to do something about the...more
New News from...
Gates Foundation
Social Entrepreneurship
Spotlight
Social Enterprise Pushes Continuity of Care and Home Births
The Neighbourhood Midwives, the brainchild of Annie Francis of Hampshire, offers midwifery services geared for the continuity of care to women and their families.