SEC Mark Uyeda Opposes Audit Trial for Cryptocurrency
According to SEC Mark Uyeda, the overregulation of private funds and the violation of privacy are the results of audit trials that monitor sensitive investor data. On Tuesday, September 24, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, and five SEC commissioners are scheduled to appear before the House Financial Services Committee. The […]
Green United Fails To Drop $18M Case For Crypto Mining Fraud
Green United LLC has failed to discharge a lawsuit filed by the SEC on operating a fraudulent crypto mining scheme that earned investors $18 million. In March, the SEC accused defendants Wright Thurston and Kristoffer Krohn, who operated cryptocurrency mining firm Green United LLC, of fraudulently offering securities. They sold “Green Boxes” and “Green nodes” […]
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 CFTC […]
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 […]