SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount

U. S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U. дальше »

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Crypto Outflows Spike Following U.S. Regulatory Crackdown, Says CoinShares

The crypto space is experiencing increasing tension as United States regulators intensify their regulatory approaches. Some of their recent enforcement actions include a stop order mandate on crypto token issuers, a Wells Notice to some exchanges, a hint of lawsuits, and others. дальше »

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Crypto’s next bull run will come from the east, says Gemini co-founder

Cameron Winklevoss, the co-founder of Gemini, opined that the next crypto bull run will come from the East. His remarks came amid a ramp-up in enforcement action and impending crackdowns by theThe post Crypto’s next bull run will come from the east, says Gemini co-founder appeared first on AMBCrypto. дальше »

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Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud

In a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months before the company collapsed and left millions of customers in the lurch. дальше »

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California-Based Regulator Launches Crypto Scam Tracker

Regulators and law enforcement agencies worldwide have been exploring ways to eradicate crypto crimes and repel bad players from the industry. The California Department of Financial Protection and Innovation (DFPI) took its efforts to the next level with a newly launched crypto scam tracker. дальше »

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Platypus to work on compensation plan after $8.5M attack

According to the DeFi protocol, different parties, including legal enforcement officials, are currently involved in the funds’ recovery process. дальше »

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A Botched Heist: A Look At The Sloppy $8.5M Hack On Platypus Protocol

Avalanche-based Platypus Protocol, an AMM that was less than two weeks into launching it’s new stablecoin USP, suffered an $8. 5M flash loan attack on Thursday. There’s plenty to talk about recently about stablecoins, but this story isn’t about regulation – but rather about community-issued enforcement and collaboration to rectify actions from the hack. дальше »

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SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media. дальше »

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Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?

The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on. дальше »

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Matrixport Executive Thinks BUSD Crackdown Won’t Spread To All Stablecoins

Matrixport’s executives believe the regulatory enforcement on BUSD will not impact all stablecoins. Moreover, according to the executive, other issues surround the crackdown. The United States regulators are striking hard on some crypto firms, including Kraken, Coinbase, and Paxos. дальше »

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Breaking: Circle squashes rumors of planned SEC enforcement action

Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator, but a Circle executive rebuffed the claim. дальше »

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Blockchain Association files amicus brief in Wahi case, says SEC exceeded authority

The industry group cited the Supreme Court’s recently reaffirmed “major questions” doctrine and listed the ways the Securities and Exchange Commission’s alleged regulation by enforcement causes harm. дальше »

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Curve Finance (CRV) Eyes 900% Increase in Trading Volume Following Binance USD (BUSD) Turmoil

$1 billion trading volume generated on Curve Finance (CRV) following SEC enforcement against Binance USD (BUSD) дальше »

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Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed

The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming. дальше »

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Stablecoin Issuer Paxos Ceases BUSD Issuance After SEC Reportedly Threatens Lawsuit

In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos for selling Binance USD (BUSD) as an unregistered security. дальше »

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SEC crackdown could ‘benefit’ decentralized staking if it isn’t banned – Lido exec

Jacob Blish, head of business development at the decentralized autonomous organization (DAO) that runs Lido Finance, said the SEC’s enforcement actions are likely a “net benefit” for decentralized liquid staking providers but added that it “really depends on what the final resolution is,” Bloomberg News reported. дальше »

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The SEC may potentially sue Paxos over BinanceUSD – WSJ

The United States Securities and Exchange Commission (SEC) enforcement division has issued a Wells notice to Paxos — The Wall Street Journal (WSJ) reported, citing anonymous sources. The post The SEC may potentially sue Paxos over BinanceUSD – WSJ appeared first on CryptoSlate. дальше »

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SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool

Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL? дальше »

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Regulating Crypto by Enforcement and Stealth Will Set the US Back

Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk's chief content officer Michael Casey. дальше »

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Bitcoin price taps 3-week lows as SEC fears liquidate $250M of crypto longs

Panic over regulatory enforcement sees Bitcoin and altcoins give up recent gains, costing long traders over a quarter of a billion dollars in a single day. дальше »

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SEC, NYDFS, and OCC Gear Up for Battle With Crypto, Stablecoins, and Exchanges

The American regulatory war on crypto is heating up with an expected avalanche of enforcement actions from various U.S. departments. The post SEC, NYDFS, and OCC Gear Up for Battle With Crypto, Stablecoins, and Exchanges appeared first on BeInCrypto. дальше »

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Oxford PhD Student Jailed For Defrauding Investors Of $2.6 Million In Crypto

Cryptocurrency crimes are becoming prevalent and law enforcement agencies are on their toes to crack down on bad players and bring them to book.  The British Royal Court recently sentenced a Ph.D. student of Oxford to four and half years in prison for a 2 million euro crypto scam on January 27. The 36-year-old student […] дальше »

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How to protect against crime in the metaverse

To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement. дальше »

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CFTC Chief Promises Landmark Crypto Enforcement in 2023

CFTC Chair commits to pursuing regulation and greater enforcement in 2023.

The post CFTC Chief Promises Landmark Crypto Enforcement in 2023 appeared first on BeInCrypto.

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US CFTC Chief Promises More ‘Precedent-Setting’ Crypto Enforcement Cases

Commission Chairman Behnam says his agency is gearing up for another year of significant actions in the crypto industry as he tries to ramp up his enforcement staff. дальше »

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US CFTC Chief Promises More ‘Precedent Setting’ Crypto Enforcement Cases

Commission Chairman Behnam says his agency is gearing up for another year of significant actions in the crypto industry as he tries to ramp up his enforcement staff. дальше »

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Binance aids Hong Kong police to fight cybercrime

Binance and the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force (HKPF), have concluded a 5-day training program dubbed Virtual Asset Investigation Course (VAIC). The program is designed to bolster law enforcement efforts against cybercrimes… дальше »

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Silvergate's ties with FTX draws the attention of DoJ

Silvergate's share price in after-hours trading plummets as DoJ investigation report surfaces The enforcement agency is probing the bank's ties with the bankrupt crypto exchange Silvergate CThe post Silvergate's ties with FTX draws the attention of DoJ appeared first on AMBCrypto. дальше »

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Crypto-related enforcement actions by US states rose sharply in 2022: Report

There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins. дальше »

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UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad Approvals

But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules. дальше »

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UK's FCA Flagged Some Crypto Firms Seeking Regulatory Approval to Law Enforcement

Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said. дальше »

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SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO

Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions.

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Bitzlato management arrested in global crackdown

Bitzlato’s management team was arrested during an international law enforcement operation. дальше »

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Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

The operation conducted by authorities across Europe and the U.S. resulted in the arrest of 5 individuals linked to the exchange, including Bitzlato founder Anatoly Legkodymov. дальше »

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What If Regulators Wrote Rules for Crypto?

The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher. дальше »

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Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23

Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance. дальше »

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Former SEC Chief calls 'Regulation by Enforcement' catchphrase a nonsense

Former SEC Chief lambasts "cryptocurrency lobbyists" for labeling SEC enforcement actions as "regulation by enforcement." Besides, courts have upheld a broad array of SEC cases involving cryptoThe post Former SEC Chief calls 'Regulation by Enforcement' catchphrase a nonsense appeared first on AMBCrypto. дальше »

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Former SEC chief blasts ‘bogus’ catchphrase: ‘Regulation by enforcement’

Lawyer and former SEC official John Reed Stark came out in defense of the SEC’s enforcement efforts in the crypto space.

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Crypto lender Nexo settles with SEC at this absurd amount... Details inside

Nexo's settlement with the SEC amounted to millions.   The SEC 'expected compliance' from all firms that traded securities, as per the Director of the SEC’s Division of Enforcement.   The The post Crypto lender Nexo settles with SEC at this absurd amount. дальше »

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US DoJ announces global crypto enforcement action

The founder of the crypto company Bitzlato, Anatoly Legkodymov, was arrested after the U.S. Department of Justice announced a significant worldwide crypto enforcement action. дальше »

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Binance named among Bitzlato top 3 receiving counterparty

Binance was named as one of Bitzlato’s top three receiving counterparties, according to an order by the US Treasury Financial Crimes Enforcement Network (FinCEN). The post Binance named among Bitzlato top 3 receiving counterparty appeared first on CryptoSlate. дальше »

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Crypto Reacts: DoJ’s Hyped Announcement Results In Comedic Relief

Speculation on ‘Crypto Twitter’ started going wild after a Department of Justice announcement early on Wednesday regarding a following press release. With very vague and non-descriptive language, the DoJ made an announcement that a press release detailing “International Crypto Enforcement Action” was to follow in the hours following the release. What followed can only be […] дальше »

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Crypto exchange Bitzlato busted by US DoJ in global enforcement action

Bitzlato, a global crypto exchange, is being investigated by the U.S. Department of Justice. The investigation is ongoing. дальше »

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Bitzlato and its founder face enforcement actions from US authorities

The Department of Justice, Treasury Department and French law enforcement seized many of Bitzlato’s resources, alleging the firm helped launder $700 million in illicit funds. дальше »

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Justice Department Announces Major International Crypto Enforcement Action

The department held a press conference at noon Eastern time on Wednesday. дальше »

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SEC’s crypto-related penalties hit $2.6 billion in 2022

The SEC’s first crypto-related enforcement action was in July 2013. The agency has brought 127 such actions since, with 30 of these in 2022 representing a 50% increase from 2021. The monetary penalties across the settlements with the regulator reached $2. дальше »

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Nexo sues Cayman Islands financial regulator over VASP license

The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration. дальше »

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EU authorities coming after cross-border crypto fraudsters 

Since July 2022, European government agencies have coordinated a worldwide law enforcement operation with cryptocurrency entrepreneurs and corporations to fight cross-border crypto scams. Regarding this, the research found a criminal call center network. дальше »

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Cross-border crypto scammers on the hit list for EU agencies

Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022. дальше »

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European Law Enforcement Raid 18 Locations Related to Crypto Fraud

The European Law Enforcement Agencies dismantled a crypto fraud network and seized over $1 million in cryptocurrencies and €50,000 in cash. The post European Law Enforcement Raid 18 Locations Related to Crypto Fraud appeared first on BeInCrypto. дальше »

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