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Singh’s former colleagues Ellison and Wang consented to stays in their CFTC cases; Singh has agreed to submit a consent order proposal in the CFTC case. Go to Source Powered by WPeMatico
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 Custodia’s unsuccessful application to become a member of the Federal Reserve System, … Read more
Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With … Read more
The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators. Go to Source Powered by WPeMatico
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits to Prevent ‘Judicial Overlap’ According to the latest decision by a New … Read more
Damian Williams, U.S. Attorney for the Southern District of New York pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases. Go to Source Powered by WPeMatico
Eddy Alexandre, the CEO of the purported crypto trading platform EminiFX is facing as much as 10 years behind bars for his part in the fraudulent enterprise. Go to Source Powered by WPeMatico
The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal. Go to Source Powered by WPeMatico
Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case. Go to Source Powered by WPeMatico
“I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam. Go to Source Powered by WPeMatico
