The U.S. securities regulator appears to be warming up to the notion that Ethereum is a highly centralized network, according to a lawsuit filed against crypto promoter Ian Balina.
Friedman LLP practiced improper professional conduct in 2017-18, the same time frame the firm audited Tether, although the U.S. securities regulator didn’t mention the stablecoin.
Sparkster sold millions of SPRK tokens back in 2018 and raised $30 million, with influencer Ian Balina purchasing millions of tokens and then promoting them.
Gabriel Edelman faces a lengthy prison term as he stands trial on charges of misappropriating funds and tricking investors into raising $4 million for investments in virtual currencies.
The visit by CFTC’s Caroline Pham, who criticized the SEC’s “regulation by enforcement” earlier this year, comes as both agencies fight for digital currency industry oversight.
Neither the DCCPA nor its rival, the Responsible Financial Innovation Act, are expected to receive Senate floor votes before Congress adjourns for the mid-term election cycle.
Ethereum is both a security and tyranny, as staking coins via a third party remains, and the wealthiest holders combining forces to ensure total domination of the system, the article argues.
The chamber has requested to file an amicus brief in the Ripple case, and while it’s doubtful if XRP is a security, it called for clear and consistent laws.
Details of the ban include the prohibition of "digital asset business operators" from taking deposits of digital assets with a promise of returns.
A Chicago firm caught the federal authorities' attention after unsuspecting investors reported the company defrauded them of $1.5 million by offering BYX tokens, the majority of which they never received.
A Binance executive has confirmed the exchange is in talks to acquire a licensed company after losing out on approval from BSP, which is now not issuing new licenses.
Thailand slowly loses its momentum in adopting digital assets as operators face stringent regulatory protocols, while at the same time carefully treading the bear market.
