Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head. Go to Source
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Architect fintech receives NFA approval to operate as introducing broker
The former FTX.US president founded the company in January to serve institutional investors in crypto and traditional derivatives. Go to Source
Binance CEO responds to rumors, says US executive is ‘taking a deserved break’
Despite Brian Shroder resigning as CEO of the exchange’s US wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed that the departure was normal. Go to Source
Coinbase CEO champions DeFi, calls for court action to set legal precedent
Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission (CFTC) to avoid taking enforcement actions against (DeFi) protocols. Go to Source
CFTC Commissioner plans to modernize investor protection with technology
To minimize the damages caused by financial fraud, Romero proposed the formation of the National Financial Fraud Registry — a centralized record of all crimes and fines related to financial fraud. Go to Source
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical. Go to Source
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said. Go to Source
DeFi enforcement sparks dissenting opinion from CFTC commissioner
The commissioner advocates public and stakeholder engagement through rulemaking, not just enforcement. Go to Source
CFTC commissioner calls for crypto regulatory pilot program
Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face. Go to Source
Crypto may see second wind in the US as courts ‘rein in the SEC’ — Lawyer
Crypto-focused lawyer Jeremy McLaughlin said the U.S. digital asset industry may re-ignite as the country’s securities regulator racks up court losses. Go to Source
