Fed Issues Enforcement Action Order Against Farmington State Bank Over Improper Cryptocurrency Activities
The Fed issued an enforcement action order against Farmington State Bank. In 2022, the counterparty began conducting cryptocurrency transactions without notifying authorities. Then Alameda Research bought an $11.5 million stake in the organization. Th ...
Mark Cuban Suggests a Strategy to Evade SEC Scrutiny for Cryptocurrency Issuers
American billionaire and reality TV star Shark Tank offered a way for cryptocurrency issuers to avoid SEC harassment. Mark Cuban believes that cryptocurrency issuers could immediately issue their assets and use them to provide liquidity through decentralized finance (DeFi), ...
New Jersey Officials Take Action to Block Fraudulent TruthGPT Coin Scam
The New Jersey State's Attorney's Office and other officials have joined the efforts of their colleagues to block a fraudulent scam related to the TruthGPT Coin crypto-asset offering. Attorney General Matthew Platkin (Matthew J.. Platkin) ...
SEC Requests Reduced Fine for LBRY Due to Lack of Funds
The U.S. Securities and Exchange Commission (SEC) has asked the court to reduce the fine for decentralized platform LBRY from $22 million to $111,614 because of LBRY's lack of funds. According to a document filed by the agency in the District Court of New Hampshire, the S ...
Coinbase files lawsuit against SEC demanding clear regulations for cryptocurrencies
Coinbase, a cryptocurrency exchange, has taken legal action against the US Securities and Exchange Commission (SEC) after failing to receive a response to a petition it submitted in July 2022. The petition requested that the SEC adopt clear rules and regulations for the cryptocurrency industry in ...
USDC Circle Denies SEC Enforcement Action Rumors
USDC Circle, the stablecoin issuer, has denied the claims made by a Fox Business journalist that it had received an official warning from the US Securities and Exchange Commission (SEC) regarding possible enforcement action against it. The journalist had alleged that the SEC was cracking down on ...