FBI warns US citizens against using ‘unregistered crypto money transmitting services’

The FBI advised US citizens against using unregistered crypto services to transmit assets on April 25. The agency’s warning stated that users should avoid crypto money transmitting services that are not registered as Money Services Businesses (MSBs) under US federal law.

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Coinbase Loses Most of Motion to Dismiss SEC Lawsuit

A federal judge ruled the U.S. Securities and Exchange Commission (SEC) brought enough of a case arguing that Coinbase is operating an unregistered broker, exchange and clearinghouse that its suit against the crypto trading company should move forward.

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Court upholds SEC’s unregistered securities claims against Gemini, Genesis’ Earn program

A federal court denied crypto exchange Gemini and Genesis Global Capital’s joint motion to dismiss the SEC’s case regarding their defunct Gemini Earn program, according to a March 13 filing.

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How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance

A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U. S. -based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies.

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Kraken joins crypto exchanges battling SEC lawsuit, denies wrongdoing

Crypto exchange Kraken has filed a motion to dismiss the SEC’s lawsuit alleging an unregistered exchange operation and mishandling of customer assets. In a blog post on Feb. 22, crypto exchange Kraken said it had filed a motion to dismiss…

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Terraform Labs’ Do Kwon to be extradited to US after court ruling

High Court in Montenegro has ruled to allow Terraform Labs’ Do Kwon to be extradited to the US. Kwon faces US fraud charges tied to losses from UST stablecoin collapse. SEC alleges Kwon raised billions through unregistered crypto transactions.

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Terraform Labs' LUNA and MIR Tokens Are Securities, Judge Rules

A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.

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Cardano, Solana, Polygon Called Securities In New SEC Lawsuit Against Crypto Exchange Kraken

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BREAKING: Kraken Exchange Under Siege, SEC Files Lawsuit

In the US Securities and Exchange Commission’s (SEC) ongoing regulatory crackdown, regulators have turned their attention to US-based crypto exchange Kraken. According to recent reports, the SEC has filed a lawsuit against the exchange, accusing it of operating an unregistered trading platform for cryptocurrency assets.

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Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday.

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SafeMoon Executives Face DOJ Arrests And SEC Charges – SFM Plummets More Than 50%

The US Securities and Exchange Commission (SEC) recently announced charges against SafeMoon, its creator Kyle Nagy, the company’s CEO, John Karony, and CTO, Thomas Smith.   The SEC alleges that these individuals orchestrated a “massive fraudulent scheme” involving the unregistered sale of SafeMoon (SFM), a “crypto asset security” as defined by the SEC.

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SEC Charges SafeMoon and Executives with Fraud in Unregistered Crypto Securities Offering

SEC files charges against SafeMoon execs - alleges massive fraudulent scheme which wiped out billions in market capitalization and saw executives misappropriating over $200 million in investor funds for personal use.

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Thor Technologies Faces Legal Consequences In SEC’s $2.6 Million Crypto Sale Lawsuit

In a win against the crypto industry, the US Securities and Exchange Commission (SEC) has obtained a default judgment against Thor Technologies and its founder David Chin.   According to court documents, Thor Technologies and Chin were found guilty of conducting an unregistered offering of crypto asset securities amounting to $2.

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SEC Drops Lawsuit Against Ripple Executives in Major Win for Crypto, XRP Immediately Jumps 4%

the Securities and Exchange Commission (SEC) has agreed to dismiss its high-profile lawsuit against Ripple Labs executives Brad Garlinghouse and Chris Larsen. The SEC had alleged that Ripple’s XRP cryptocurrency was an unregistered security, but after years of contentious litigation, the regulator moved to drop the case entirely on Thursday.

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U.S. State Regulators Intervene in Coinbase’s Unregistered Securities Case

Amicus briefs filed to support the SEC argue crypto is insignificant, only used for speculation, and captured by existing investor-protection rules

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Huobi & KuCoin Added to UK Warning List for Operating Without Registration

The FCA warns UK residents to be wary of Huobi and KuCoin, which were added to its list of unregistered crypto exchanges.

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UK’s FCA Adds 143 Crypto Entities In Its Warning List Of Unregistered Firms

On Sunday, October 8, the UK’s Financial Conduct Authority (FCA) released an updated warning list of firms noted as non-authorized operators in the country.  The latest move from the FCA is part of the UK’s regulatory measures to curb unregulated operations in its crypto sector.

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Taiwan bans unregistered foreign crypto exchanges from operating

Besides local exchanges like Maicoin, major global crypto trading firms like Binance, Bybit and Kraken have also been serving customers in Taiwan.

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Hong Kong to name all crypto license applicants following JPEX scandal

Hong Kong’s Securities & Futures Commission (SFC) continues to scrutinize the crypto market to fight unregistered virtual asset trading platforms in the region. On Monday, 25 September, the watchdog vowed to reveal all certified trading platforms to help users identify unregistered cryptocurrency firms in Hong Kong.

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UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance

The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter.

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Stoner Cats NFTs Wiped From Top Marketplaces Following SEC Enforcement Action

The US SEC has charged Stoner Cats NFT project, co-created by Mila Kunis, for conducting an unregistered offering of crypto asset securities, leading to its removal from top marketplaces. The post Stoner Cats NFTs Wiped From Top Marketplaces Following SEC Enforcement Action appeared first on BeInCrypto.

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SEC Expands Crypto Crackdown To NFTs With First Case Against Los Angeles Entertainment Company Impact Theory

The United States Securities and Exchange Commission (SEC) has brought its first NFT-related enforcement action by accusing a Los Angeles-based media and entertainment company of offering nonfungible tokens that were actually unregistered securities.

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Ripple CLO Slams Latest SEC Action As ‘PR Stunt’

Yesterday, September 13, the US Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC for conducting an unregistered offering of crypto asset securities. The offering, in the form of non-fungible tokens (NFTs), raised approximately $8 million to finance an animated web series called Stoner Cats.

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SEC Charges Stoner Cats With Alleged Unregistered $8 Million Securities Sale In NFT Crackdown

In a recent move that intensifies the Securities and Exchange Commission’s (SEC) crackdown on the Non-Fungible Token (NFT) sector, the SEC has charged Stoner Cats 2 (SC2) with conducting an “unregistered offering of crypto asset securities.

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Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report

The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country.

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SEC settles with Linus Financial over unregistered crypto lending

The SEC settled with Nashville-based Linus Financial, Inc. for not registering its crypto lending product, appreciating its cooperative stance and swift corrective measures. The Securities and Exchange Commission (SEC) settled charges against Linus Financial, Inc., stemming from its failure to…

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Taiwan plans ban on unregistered offshore crypto exchanges

Taiwan plans to restrict access to offshore cryptocurrency exchanges that are not registered with the local regulators. According to a Sept. 7 report by Taiwan’s semi-official Central News Agency, the country’s Financial Supervisory Commission recently drafted ten virtual asset service…

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SEC Settles With Linus Financial Over Unregistered Crypto Lending Product

The US Securities and Exchange Commission (SEC) has resolved charges against Linus Financial for not registering its retail crypto lending product, Linus Interest Accounts. The post SEC Settles With Linus Financial Over Unregistered Crypto Lending Product appeared first on BeInCrypto.

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Taiwan to restrict unregistered, noncompliant foreign crypto exchanges

Taiwan’s crypto watchdog has drafted 10 guiding principles for virtual asset service providers operating in the country.

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SEC charges Impact Theory for ‘unregistered NFT offering,’ expanding enforcement actions to NFT market

The Securities and Exchange Commission (SEC) charged LA-based media and entertainment firm Impact Theory with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs).

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SEC charges Impact Theory over unregistered NFT securities offering

The charged Impact Theory for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens.

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SEC Goes After Crypto Fund For Misleading Investors With Fake Promises

The US Securities and Exchange Commission (SEC) is known for coming down hard on the digital assets industry, including accusing several firms of trading “unregistered securities. ” This time around, the regulator has charged a crypto fund with misleading investors, marking the “first violation of the SEC’s amended marketing rule.

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Gemini lawyer says the ‘SEC is floundering’ in proving its case against the exchange

Jack Baughman, the lawyer representing Gemini, claimed in a post on Aug. 19 that the Securities and Exchange Commission (SEC) is struggling to prove its case against the exchange. According to the SEC lawsuit, Gemini’s crypto lending product Gemini Earn violated the securities laws by offering unregistered securities.

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HEX Faces a 30% Price Crash Post-SEC Lawsuit, Analyzing The Success Of DigiToads Presale

HEX has dropped by 30% recently, resulting from a post-SEC lawsuit against Richard Heart, the CEO of HEX, over claims of selling unregistered securities and engaging in fraudulent activities. Amidst the price crash of HEX, one significant presale event that has caught the attention of many crypto investors is DigiToads (TOADS).

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Video of Richard Heart publicly disparaging SEC resurfaces as securities fraud case moves forward

An old video clip of HEX founder Richard Heart directly addressing the SEC has resurfaced on social media after the regulator filed suit against him on July 31, alleging fraud and unregistered sales of crypto asset securities.

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SEC sues HEX founder Richard Heart for alleged fraud and unregistered securities sales

On July 31, the U. S. Securities and Exchange Commission (SEC) filed suit against Richard Heart, the founder of blockchain projects PulseChain and HEX, for allegedly defrauding investors and selling unregistered crypto securities.

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US SEC launches action against Richard Heart and his crypto projects

US SEC sues Richard Heart and three of his projects for unregistered sale of securities and fraud The commission claimed that Heart used investors' money to purchase luxury goods including the The post US SEC launches action against Richard Heart and his crypto projects appeared first on AMBCrypto.

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SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation

The United States Securities and Exchange Commission has lodged a complaint against Richard Schueler, a well-known figure in the crypto community, accusing him of raising more than $1 billion through...

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SEC Potential Appeal To Yield Little Effect On XRP, Crypto Lawyer Says

Prominent Pro-XRP lawyer John E. Deaton has downplayed the potential effects of an appeal by the United States Securities And Exchange Commission (SEC) in its ongoing case against Ripple on the sale of the XRP token as an unregistered security.

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Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report

The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities.

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Should you buy Coinbase shares after rallying 100% since the SEC charges?

On June 6, 2023, Coinbase, Inc. (NASDAQ:COIN) was charged by the Security and Exchange Commission (SEC) with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.

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Ripple CEO calls XRP ruling a win for crypto industry

Ripple CEO Brad Garlinghouse has shared his sentiments about a recent ruling that XRP is not a security. On July 13, Federal District judge Analisa Torres ruled that XRP, the native currency of the XRP Ledger (XRP), is not an unregistered security,…

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Coinbase Seeks Dismissal of the SEC’s Legal Case Based on the Definition of a Security

The world's second-largest crypto exchange, Coinbase, has taken a bold step in its defense against the SEC, asking a judge to dismiss the SEC's claim that it acted as an unregistered broker. The post Coinbase Seeks Dismissal of the SEC’s Legal Case Based on the Definition of a Security appeared first on BeInCrypto.

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Bakkt Delists Solana, Cardano, And Polygon Amid Regulatory Uncertainty

New York-based digital assets platform Bakkt has decided to delist three prominent cryptocurrencies—Solana, Cardano, and Polygon—due to regulatory uncertainty and a lack of clarity. This move follows recent lawsuits filed by the United States Securities and Exchange Commission (SEC) against leading crypto exchanges Coinbase and Binance, alleging the sale of unregistered securities, including Solana, Cardano, […]

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Is Crypto Dead? SEC Lawsuit Tanks BNB, Solana, Cardano Prices, But $WSM Rises

Crypto prices were sent crashing as the SEC announced lawsuits against Binance and Coinbase for selling unregistered securities.   Since then, industry figures such as Coinbase CEO Brian Amstrong and the YouTuber’s Coin Bureau and Crypto RUs have commented on how they see things playing out for the industry.

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Bitcoin, Ethereum Prices Slide, But These Tokens are Defying the Bear Market

Although top cryptos recovered the dip following the SEC suing Binance and Coinbase, many coins have retraced again.   After the SEC sued Binance, Coinbase and several other cryptos exchanges with accusations of selling unregistered securities in the US, crypto prices plunged, with Bitcoin dropping over 7% in one day.

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Solana Foundation: SOL Is 'Not a Security'

SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

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Solana Foundation: SOL is 'Not a Security'

SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

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Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges

As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their cryptocurrency offerings. The SEC has embarked on crackdown actions against two top cryptocurrency exchanges, Binance and Coinbase itemizing several digital assets on the platforms as unregistered securities. Amid this development, Robinhood […]

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