The legislation, passed out of committee in July 2023, would clarify how the U.S. Commodity Futures Trading Commission and Securities and Exchange Commission handle crypto.
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program.
The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.
SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market.
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.
“Crushing Sam in this way is unnecessary,” said lawyers for the former FTX CEO.
The case against Roman Sterlingov showed that Chainalysis tools are flawed — and shouldn't be trusted to convict defendants when they face decades in prison.
The regulator noticed an undisclosed detail: the influencer’s fee was tied to the fund’s growth, guaranteeing higher compensation as the fund expanded.
The proposed amendment to South Korea’s virtual asset service provider reporting requirements is expected to go into effect by the end of March 2024.
The SEC admitted its attorneys “should have been more forthcoming” with the court but argued a sanction wasn’t appropriate.
