SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud
The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms. Go to Source
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Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May
Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for … Read more
Anti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?
Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn’t nominate a replacement. Go to Source
Consensys files lawsuit against SEC and commissioners over Ether
The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S. Go to Source
House committee ranking member says a stablecoin bill could be coming soon
House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate. Go to Source
S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New … Read more
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
An expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could face the risk of “theft and extortion” from other inmates. Go to Source
Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months. Go to Source
US authorities arrest and charge new figure in OneCoin scheme — who is William Morro?
Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated with Gilbert Armenta, the boyfriend of OneCoin founder Ruja Ignatova. Go to Source
Thai SEC Instructed to Share Information on Unauthorized Digital Asset Platforms With Government
The Thai Securities and Exchange Commission has been instructed to share information on unauthorized digital asset service providers with the Ministry of Digital Economy and Society. The regulator warned investors using such platforms of the risks they face which include the possibility of being scammed or involved in money laundering. Enhancing Efficiency in Law Enforcement … Read more