SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

October 11, 2024 Bitcoin.com

SEC Charges Cumberland DRW for Unregistered Billion Crypto Securities Dealings

$2 Billion

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

September 30, 2024 Bitcoin.com

AFM

The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

Kamala Harris Pledges to Support Digital Assets — ‘We Will Cut Needless Bureaucracy’

September 23, 2024 Bitcoin.com

Vice President Kamala Harris has pledged to support innovative technologies like artificial intelligence and digital assets while ensuring consumer and investor protection. Her remarks, highlighting AI and cryptocurrency as key aspects of her economic vision, marked her first direct statement on cryptocurrency as the Democratic nominee. Kamala Harris Backs AI and Cryptocurrency at Major Fundraiser […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

September 18, 2024 Bitcoin.com

SEC Fines Prager Metis .95M Over Negligent FTX Audits

Alameda Research

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities

September 10, 2024 Bitcoin.com

bitcoin.com

The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

September 3, 2024 Bitcoin.com

Crypto Hedge Fund Galois Capital Fined 5,000 by SEC for Custody Rule Violations

advisory firm

The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

SEC Charges Consensys With Violating Federal Securities Laws

June 28, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities offerings. The SEC’s complaint highlights Consensys’s operations through its Metamask Swaps and Metamask Staking services. Consensys Faces SEC Lawsuit […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

Hong Kong invites global opinions on web3 and virtual assets future

June 23, 2024 Coin Telegraph

AI integration

The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.

Hong Kong Legislative Council member Johnny NG Kit-Chong has said that opinions are now being sought from the global industry to propose policy recommendations and thematic discussions on the future direction of Web3 and virtual assets industry development.

According to a post on the X social platform, the Legislative Council established a subcommittee on Web3 and virtual asset development to promote the development of Web3 and virtual assets in Hong Kong.

The proposal will be studied in detail, summarized, and submitted to the government through the Legislative Council platform. This initiative aims to shape Hong Kong’s policy and regulatory landscape, positioning it as a global hub for Web3 innovation.

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

SEC Chair Gensler Opposes Crypto Bill FIT21 Citing Regulatory Loopholes and Increased Risks to Public

May 22, 2024 Bitcoin.com

Bitcoin

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has strongly opposed the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote. He stressed that “many players in the crypto industry don’t play by the rules,” leading to “widespread fraud, bankruptcies, failures, and misconduct.” Gensler Strongly Opposes […]

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle

May 11, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last month, Coinbase sought appellate review after failing to get the case dismissed, marking a significant development in the ongoing […]

investor protection

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