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Nalezeno "enforcement actions": 75

Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses

28.4.2023
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were...

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity

25.4.2023
On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital...

Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access

23.3.2023
Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent...

SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud

6.3.2023
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use

Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’

4.3.2023
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC)...

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....

Crypto-related enforcement actions by US states rose sharply in 2022: Report

2.2.2023
There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins

Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning

18.1.2023
The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms....

SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results

17.11.2022
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I...

US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation

16.11.2022
U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks...

CFTC Chair Behnam Says ‘Number One Accomplishment’ Is Track Record of Enforcement Actions

24.10.2022
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam is eager for his agency to shed its reputation as the friendlier regulator for the crypto industry

US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex

11.10.2022
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”

US senator bill seeks to cushion crypto exchanges from SEC enforcement actions

1.10.2022
The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws

Breaking Down the SEC and CFTC’s Autumn Wave of Enforcement Actions

29.9.2022
Critics claim the regulators’ enforcement-first approach sets dangerous precedents in the absence of clear guidance for projects

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...

Canadian Regulator OSC Takes Action Against Crypto Trading Platforms Kucoin and Bybit

24.6.2022
The Ontario Securities Commission (OSC) has taken action against two cryptocurrency trading platforms. Kucoin is permanently banned from participating in Ontario’s capital markets. Bybit has promised to take steps to comply with regulations and register with the OSC. OSC Sanctions 2 Crypto...