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New York Attorney General Sounds Alarm on Digital Assets, Says Crypto Creates More Pain Than Gain for Investors

New York Attorney General Sounds Alarm on Digital Assets, Says Crypto Creates More Pain Than Gain for Investors

The Attorney General of New York is issuing a warning to investors of digital assets, saying that even well-established cryptocurrencies are extremely risky following last month’s market meltdown that saw the industry shed hundreds of billions of dollars in market capitalization. In a new press release, New York Attorney General Letitia James says that wild […]

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CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex .5 MillionOn Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the […]

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