The charges on Nexo come with an announcement that it has agreed to settle: they will pay a $22.5 million penalty and cease offering EIP to U.S. investors, and another $22.5 million penalty to state regulators.
The U.S. securities regulator brought 30 digital asset-related enforcement actions, up from 20 in 2021 and the second highest ever after the record-setting 2020.
The U.S. securities regulator has formally charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities in connection with the Gemini Earn digital asset lending program.
The securities regulator filed a motion claiming that the Hinman speech materials need to be sealed as they “unquestionably reflect confidential deliberations” by its officials.
David Chin and Matthew Moravec are in hot water for allegedly infringing the securities laws tied to Thor's ICO in 2018, which the U.S. securities regulator says amounted to the sale of securities.
CEO John J. Ray III tells lawmakers that what separates FTX's bankruptcy from other exchanges that went insolvent is that the former lacked record-keeping, making it seem like its crimes were “not sophisticated at all.”
In light of the recent FTX collapse, the U.S. Securities and Exchange Commission now wants U.S.-listed firms to disclose any ties to digital asset firms and the risks they have been exposed to.
Eight U.S. states had joined the existing number of states ineligible to partake of Nexo’s Earn Interest Product.
The U.S. Securities and Exchange Commission filed 760 enforcement actions in FY 2022, including in the digital asset industry, where it charged BlockFi, Forsage, Coinbase’s Ishan Wahi, and more.
Securities commission Chairman Gary Gensler has re-emphasised the need for digital asset platforms to bring themselves within the protective umbrella of SEC regulation as the FTX collapse continues.
Digital asset regulation in the United States has a problem. There are too many chefs in the kitchen, and in confusion, some digital dishes are getting burned while others are being snuck out the back door.
It’s the first time a U.S. senator has directly called out Gary Gensler’s SEC, urging the securities regulator to define which tokens are securities and how to list them.
