Mango Markets Considers $500K CFTC Settlement
Mango Markets looks into the possibility of offering the CFTC a $500,000 civil penalty to address the regulator’s allegations against the platform. Mango Markets , a decentralized exchange headquartered in Solana, may be required to pay an additional $500,000 in penalties to resolve allegations made by the Commodity Futures Trading Commission. Mango Markets Considers $500K […]
House Republicans Push SEC To Repeal ‘disastrous’ SAB 121
The House and Senate Republicans alleged that by issuing SAB 121, the SEC avoided the Administrative Procedure Act’s notice and comment rulemaking procedure. Over 40 U.S. Republicans have urged the Securities and Exchange Commission (SEC) to repeal its “disastrous” rule, Staff Accounting Bulletin (SAB) No. 121. This request follows a bipartisan repeal bill that was […]
US Judge Fines Man $36M for 5 Year Crypto Fraud
A US Judge has fined William Koo Ichioka $36 million for defrauding cryptocurrency investors by falsely promising high returns. A federal court judge fined a New York resident $36 million for allegedly defrauding cryptocurrency investors by falsely promising high returns and then using the money to support his lavish lifestyle. US Judge Fines William Ichioka […]
Texas Court Dismisses Consensys Lawsuit Against SEC
The U.S. District Court has dismissed the Consensys lawsuit against the SEC regarding Ethereum and MetaMask on procedural grounds. The United States District Court dismissed Consensys Software Inc. ‘s lawsuit against the Securities and Exchange Commission for the Northern District of Texas. This occurred following a protracted legal dispute regarding the status of Ethereum and […]
Terraform Labs is Granted Court Approval To Cease Operations
Terraform Labs received court approval to cease operations during a bankruptcy hearing, which resolved the SEC lawsuit. In the most recent bankruptcy hearing, Terraform Labs was granted court consent to cease operations, which attracted the attention of investors. The firm’s plan, which a US bankruptcy judge authorized after its settlement with the US Securities and […]