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The crypto-friendly banks activities during the 2023 banking crisis will also be examined.
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful discourse with the cryptocurrency industry.
The SEC is planning to file an enforcement action against Robinhoods cryptocurrency business, according to the Wells notice.
Coinbase CEO, Brian Armstrong, compared the SEC to “soccer refs” in a game of pickleball, criticizing the regulator for their lack of clarity around crypto regulation. The comments came after Coinbase revealed they had been issued a Wells notice, which typically precedes an enforcement action. The crypto community has widely condemned the recent notice, with many agreeing that the SEC has reversed its earlier position regarding Coinbase. (Read More)
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, [...]
The post SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023 appeared first on Crypto Breaking News.
Bitzlato creator Anatoly Legkodymov is arrested. The U.S. Department of Justice launched a "significant worldwide cryptocurrency enforcement action" against the corporation. "Primary money laundering issue" authorities confiscated its website. (Read More)
The Commodity Futures Trading Commission (CFTC) has released its enforcement actions report for the Fiscal Year 2022, detailing some of the top actions brought against crypto firms over the past year.
According to the report, CFTC obtained orders against 82 companies and others during the year, with 18 of these enforcement actions digital assets-related, the regulator said.
In total, the commodities markets’ watchdog imposed more than $2.5 billion in fines, 20% of which were crypto-related.
Bitfinex,Tether among those to face enforcement actionsIn Fiscal Year 2022, CFTC’s Division of Enforcement filed actions against 18 crypto and crypto-related firms, including crypto exchange Bitfinex and stablecoin issuer Tether.
As per the report, the CFTC’s enforcement unit charged Bitfinex with engaging in illegal, off-exchange crypto retail commodity transactions involving US persons. The exchange reportedly also offered the services of a futures commission merchant (FCM) illegally.
Tether Holdings Limited, the issuer of USDT was fined $41 million over false or misleading statements related to its stablecoin.
CFTC also brought enforcement actions against Digitex Futures over price manipulation and set a precedent by charging a decentralised autonomous organisation (DAO). Also sued in 2022 was crypto exchange Gemini, with the action relating to a proposed bitcoin futures contract.
Chairman Rostin Behnam.said:
“This FY 2022 enforcement report shows the CFTC continues to aggressively police new digital commodity asset markets with all of its available tools. I personally thank the Enforcement Division’s hardworking and dedicated leadership team and staff.”
The post CFTC: 20% of enforcement actions in FY 2022 crypto-related appeared first on Invezz.
In a tweet this week, crypto advocate Nic Carter took aim at those who claim to be bitcoin enthusiasts but have been applauding the U.S. Securities and Exchange Commission’s (SEC) enforcement actions. Carter accused these individuals of turning Bitcoin into a “secular cult” and argued that the “vast majority” of them are actually newcomers to
The post Bitcoin Advocate Nic Carter Accuses ‘Laser-Eyed Maxis’ of Turning Bitcoin Into a ‘Secular Cult’ appeared first on BTC Ethereum Crypto Currency Blog.
Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase. Robinhood [...]
The post Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure appeared first on Crypto Breaking News.
Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking.
The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also [...]
The post SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry appeared first on Crypto Breaking News.
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai alleging it is “perpetrating a Ponzi scheme.” According to April 4 statements from the Montanian, Texan and Alabamian regulators, YieldTrust.ai and its Romanian owner, Stefan Ciopraga, claimed the decentralized application (dApp) called “YieldBot” is “powered by cutting-edge artificial [...]
The post Multiple US state regulators allege AI trading dApp is a Ponzi scheme appeared first on Crypto Breaking News.
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