Russia seizes $10M in Bitcoin from ex-official in bribery case
[Jan 10 10:48 AM] The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue.
1 / 3 Relevant items tagged with #Enforcement
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End of Crypto Crackdowns? Lawmaker Says ‘Regulation by Enforcement Is Over’
[Dec 7, 2024 2:30 AM] A top lawmaker says the U.S. is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation. A New Era for Crypto and AI Regulation U.S. House Financial Services Committee…
SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024
[Nov 24, 2024 6:30 AM] The SEC’s record-breaking enforcement year revealed unprecedented financial penalties and bold action against high-risk sectors, including crypto and private funds, marking a pivotal moment for market regulation. SEC Achieves Historic $8.2B in…
Ex-SEC Lawyers Agree: Crypto Enforcement Shackles May Take Time to Resolve
[Nov 14, 2024 10:08 PM] After years of legal wrangling with the U.S. securities regulator, President-elect Donald Trump's win was taken by the crypto industry as a definitive sign that their courtroom shackles and enforcement actions would be thrown off when he takes the…
Crypto titans back clothing firm’s suit against SEC’s ‘unwritten’ rules
[Oct 31, 2024 5:43 AM] Coinbase, a16z, Multicoin Capital and Paradigm filed an amicus brief supporting Beba and DeFi Education Fund’s preemptive lawsuit against the SEC.
SEC’s Crypto Crackdown Questioned — Will Clear Guidance Finally Emerge?
[Oct 22, 2024 11:30 PM] The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation…
Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims
[Oct 8, 2024 1:59 PM] Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for…
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
[Oct 5, 2024 3:30 AM] Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be…
Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
[Sep 27, 2024 2:21 PM] Sorare was charged with violating the Gambling Act 2005 in the regulator's first move against a blockchain-based platform.
Mark Cuban: Kamala Harris Opposes ‘Regulation Through Litigation’
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
[Sep 24, 2024 7:16 PM] TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering…
US Lawmakers Call for Clear SEC Rules on Digital Asset Airdrops
[Sep 19, 2024 1:30 AM] Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking American participation in…
SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors
[Sep 17, 2024 11:40 PM] The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from…
Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes
[Sep 17, 2024 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by…
New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets
[Sep 15, 2024 6:30 PM] A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity…
Five U.S. States Reach Settlement With GS Partners, Investors to Get Full Refunds
[Sep 9, 2024 7:59 PM] Five U.S. states have reached a settlement agreement with GS Partners – the European operation behind several crypto investment schemes, including tokenized investments in a Dubai skyscraper – that will see investors get 100% of their money back…
CFTC charges Uniswap with illegal derivatives trading
[Sep 4, 2024 5:13 PM] One CFTC commissioner dissented, calling the action “regulation by enforcement.”
SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
[Aug 26, 2024 7:16 PM] The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of…
U.S. SEC Settles with Abra Over Unregistered Sales of Securities
[Aug 26, 2024 7:07 PM] Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been…
Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients
[Aug 8, 2024 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.
Coinbase Concerned About 'Ongoing Regulation by Enforcement' in Australia, Despite 'Healthy' Regulator Talks
[Jul 31, 2024 12:04 PM] Coinbase (COIN) is concerned about “ongoing regulation through enforcement” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told…
China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
[Jul 31, 2024 9:38 AM] Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.
SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm
SEC’s Crypto Enforcement Chief Departs After 9 Years
[Jun 17, 2024 5:16 PM] The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against…
U.S. SEC's Crypto Enforcer David Hirsch Quits
[Jun 17, 2024 7:26 AM] David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday.
Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response
[May 21, 2024 11:30 AM] Uniswap Labs moved Tuesday to quash a looming regulatory battle over Ethereum's dominant decentralized crypto exchange, imploring the Securities and Exchange Commission in legal filings that its planned lawsuit wasn't worth the fight.
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
[May 9, 2024 9:48 AM] The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.
SEC Issues Wells Notice to Robinhood Over Crypto Operations
[May 6, 2024 7:20 AM] A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its…
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
[Apr 24, 2024 2:24 PM] Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.