Elon Musk faces class-action suit over mass Twitter layoffs
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Go to Source Powered by WPeMatico
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California fraud cases highlight the need for a regulatory crackdown on crypto
Recent cases involving crypto fraud serve as a timely reminder to do your own due diligence until regulators take more action. If something sounds too good to be true, it probably is. Go to Source Powered by WPeMatico
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and … Read more
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
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 of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product … Read more
California Gov. Newsom vetoes crypto licensing and regulatory framework
Opposing Assembly Bill 2269, Newsom recommended a “more flexible approach” that would evolve over time while considering the safety of consumers and related costs. Go to Source Powered by WPeMatico
Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much
Crypto lending platform is ready to return $50 million out of $210. Go to Source Powered by WPeMatico
Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum
On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and … Read more
California State Assembly passes bill for licensing and regulating crypto firms
The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. Go to Source Powered by WPeMatico
CoinGecko reveals the US state most interested in Bitcoin and Ethereum
Behind this western U.S. state, Illinois and New York were the next states most interested in the two major cryptocurrencies. Go to Source Powered by WPeMatico
California regulator orders Celsius to stop selling securities in the state
The Department of Financial Protection and Innovation previously ordered BlockFi and Voyager to stop their offerings in the state. Go to Source Powered by WPeMatico
