FTC is probing digital asset firms over misleading ads: report
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
DAOs are not decentralized as they claimed to be, according to Bitcoin Association’s Marcin Zarakowski, who noted that these entities are connected to those deploying them or benefitting from them.
The securities regulator said Hero Mining does not have the required license to offer investment contracts, warning members of the public of potential losses from the company's Ponzi-like scheme.
Bitbankups.com and Silverlion Livestock Trading Corp. allegedly defrauded digital asset investors and operating without the necessary licenses, according to the Philippines’ Securities and Exchange Commission.
Regulators in the United States believe regulating the digital currency market is key to preventing events such as the FTX collapse from recurring.
Coinbase is slamming bankrupt rival digital asset exchange FTX’s accounting practices, Apple’s NFT policies, and any other bad news, while Circle plans to go public.
The securities regulator says it will not include ‘crypto’ in its regulatory framework until it’s better regulated, despite Nigeria being one of the world’s biggest digital currency hubs.
The U.S. Securities and Exchange Commission says that the DAO’s registration last year for Locke and Ducat tokens failed to contain required information about its business, a claim the DAO refutes.
For Bryan Daugherty, regardless of who will dominate the midterm polls, the Congress and the Senate will likely push regulators to be more involved and focused on the digital asset industry.
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.
SEC's public disclosure revealed that the two Astrazion firms were "engaged in investment-taking activities without the required license or registration which is not authorized by this Commission."
NYSDFS' Harris claims that New York's regulatory initiatives on digital assets and related products proved to be effective in safeguarding investors, thus the need for it to be adopted nationwide.