SEC Crypto Enforcement Soars to $4.7B from $150.3M in 2023
The US SEC has implemented enforcement actions against crypto firms and executives in 2024, totaling nearly $4.7 billion, representing a more than 3,000% increase from 2023. According to a report from Social Capital Markets on Sept. 9, the SEC’s record-setting year was primarily attributed to its “largest enforcement action to date,” a $4.47 billion settlement […]
Brazilian Tax Authority Uses AI to Uncover $180M Crypto Tax Fraud
Brazilian Tax Authority has developed an AI-powered tool to detect illicit crypto transactions, enhancing tax data analysis. Brazil’s Tax Watchdog Employs Artificial Intelligence to Identify Cryptocurrency Crimes Government agencies are progressively integrating artificial intelligence (AI)-based tools to simplify their operations. The Brazilian tax watchdog, the Federal Revenue Service, has recently reported on the implementation of […]
John Deaton Criticizes Senator Warren for Bank Lobbying, Defends Bitcoin Billionaires
John Deaton criticized Massachusetts Senator Warren for her anti-crypto position, stating bitcoin accounts for less than 1% of illicit transactions John Deaton, the Republican nominee for the U.S. Senate from Massachusetts, has launched fresh attacks against incumbent Senator Elizabeth Warren over her criticism of the cryptocurrency industry, accusing her of favoring the banking sector instead. During […]
FTX, Emergent Settles Over $600M Robinhood Shares Claim
Emergent Technologies has agreed with the bankrupt crypto exchange FTX regarding acquiring over $600 million in Robinhood shares. FTX CEO John Ray III filed a motion in a Delaware Bankruptcy Court on September 6 that stated the company will reimburse Emergent $14 million for administrative expenses associated with its withdrawal of a petition to claim […]