SEC Freezes Assets of Church for Selling Unregistered ‘God-Backed’ Crypto Token

Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are facing legal action after allegedly defrauding investors of millions of dollars through the sale of an unregistered crypto token, called INDXcoin. The token was marketed to devout Christians as a “God-backed” digital asset. The couple reportedly raised around $3.2 million through sales of the token, […]

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