US Rep fined for ethics breach over Let’s Go Brandon token promo
The House Committee on Ethics penalized departing US House Representative Madison Cawthorn more than $15,000 for promoting the Let’s Go Brandon token a cryptocurrency in which he had an unreported stake. Madison Cawthorn “improperly promoted a cryptocurrency in which he had a financial interest,” according to a report issued by the Committee on December 6 […]
SEC charges BlockFi with a $100 million fine for failure to comply with regulatory law
The SEC has charged crypto lending business BlockFi with a $100M penalty for failing to register high-yield interest accounts that the agency considers securities. The penalty also requires the business to stop onboarding new customers to its unregistered service, BlockFi Interest Accounts. The Securities and Exchange Commission, or SEC, took action against crypto lending business […]
Violating the Indian crypto law may attract a fine or even jail sentence
India’s stance on compliance with crypto laws remains unshaken as the country has proposed legislation that will see offenders of the law paying a fine of about $2.7million or even up to a year and a half jail time sentence. Non-compliance with the Indian government’s crypto laws could result in a fine of up to […]