With its new decree, the government is further seeking to stamp out cryptocurrency token sales completely, according to local reports.
The U.S. Securities and Exchange Commission is beefing up the enforcement powers of its investigation teams, signaling a more robust approach to regulation during the Biden administration.
Kristijan Krstic and John DeMarr also allegedly operated and promoted Start Options as a digital asset mining and trading platform with “the largest Bitcoin exchange in euro volume and liquidity.”
Jerry Ji Guo allegedly defrauded his clients over $20 million worth of digital currencies at the height of the 2017 ICO craze, according to the U.S. Department of Justice.
The Swiss blockchain technology company is being sued under U.S. securities laws, with investors arguing that the U.S. rules should still apply to the firm’s unregistered digital tokens.
Gary Gensler’s rumored appointment could signal stricter rules for digital asset exchanges and projects to curb some of the industry’s past excesses.
The U.S. District Court in California has rejected AML Bitcoin’s attempt to have the Securities and Exchange Commission's (SEC) case against it thrown out.
Regulation: it was always going to come to Bitcoin and the digital asset industry, and we've known it for a long time.
Terion will have to pay back over $25 million it raised in its ICO, plus interest and a $250,000 penalty to the securities regulator.
The SEC has reportedly accepted an offer of settlement from ShipChain over the firm’s ICO, which raised $27.5 million through the sale of proprietary tokens, known as SHIP tokens.
The Tron Foundation has petitioned a New York federal court to dismiss a “fatally flawed” class action lawsuit against it.