Digital asset lender SALT blamed the recent FTX collapse for its financial turmoil but noted that it is working with relevant stakeholders to resolve the debacle.
The state’s Department of Justice (DoJ) launched a webpage dedicated to all classes of digital assets designed to guide residents considering putting funds in them.
John Khuu was indicted in California and Texas for allegedly laundering $5.35 million in BTC for a drug trafficking ring he operated via the dark web.
Gov. Gavin Newsom nixed the bill, which would have created a licensing regime for VASPs similar to New York’s BitLicense, calling for a more flexible approach.
The bill was passed by the state’s Senate and the Assembly this week and heads to the governor’s desk, who has until September 30 to approve it into law or veto it.
Celsius has been violating securities regulations by offering its Earn Rewards accounts in the state while also making materially false statements, according to the Department of Financial Protection and Innovation.
Back in 2018, digital currency donations were banned by California and nine other states due to their potential to flout KYC processes and their anonymous nature.
The regulator revealed its investigations have already found that BlockFi and Voyager have been offering unregistered securities and is going after others.
Many factors make Solana a bad investment, but the lawsuit is based on securities violations, and an investor believes that SOL qualifies as a security under the Howey test.
Under the order named "Executive Order N-9-22," the state hopes to incorporate its core values into creating a regulatory regime that is friendly to digital currency firms and protects consumers maximally.
The USDT was stolen from a California resident by an individual posing as a Coinbase representative who took control of his account and transferred 200+ BTC, authorities said.