Tag Archives: U.S. crypto regulation

Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump

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As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC).  Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before… Continue reading Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump→

SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’

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The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto… Continue reading SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’→

US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal

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On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.  Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District… Continue reading US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal→

DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

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Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged… Continue reading DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions→

Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’

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The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. FTX Costs Galois Capital Half Of Managed Assets According to the SEC’s announcement on Tuesday, Galois… Continue reading Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’→

‘Crypto Queen’ Wanted: FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest

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The United States government has recently announced a substantial reward of up to $5 million for any information leading to the arrest of Ruja Ignatova, the founder of OneCoin.  This development comes as part of a joint investigation conducted by Bulgarian and American authorities into a large-scale financial fraud and money laundering scheme.  One Of… Continue reading ‘Crypto Queen’ Wanted: FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest→