# What does VCOIN’s SEC authorization mean for securities law and crypto?
“# What does VCOIN’s SEC authorization mean for securities law and crypto? ” As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the U.S. securities regulator, which…