US regulators crack down on Slotie metaverse casino
Slotie allegedly sold over 10,000 NFTs to investors, claiming this entitles them to a share of the profits, despite not registering these NFTs as securities.
Latest Securities and Exchange Commission News
CFTC: The not-so friendly regulator
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.
US SEC cracks down on $295M BTC Ponzi scheme Trade Coin Club
Trade Coin Club claimed to be using a proprietary trading bot and raised 82,000 BTC worth $295 million at the time from 100,000 investors between 2016 and 2018.
‘Crypto’ law enforcement: A crossroads for digital asset enforcement and US regulators
Two U.S. regulators have staked a claim over digital asset regulation: the Securities and Exchange Commission, and the Commodity Futures Trading Commission.
A digital currency ETF was finally approved in the United States
Spot ETFs are repeatedly rejected by the SEC because the spot market for digital assets is highly unregulated, among several other concerns the agency has, such as market manipulation.
US senator attacks SEC’s digital asset regulatory approach
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.
SEC shoots down WisdomTree’s BTC spot ETF, cites market manipulation
The U.S. securities regulator previously shot down WisdomTree’s spot ETF application on the same ground, even as Grayscale sues the agency for “discriminatory” ETF rejections.
SEC probes Yuga Labs over alleged sale of unregistered offerings
The U.S. securities regulator has yet to make a formal accusation against Yuga Labs for any wrongdoing as the investigations are still in the preliminary stages.
SEC halts $12M digital asset Ponzi scheme targeting Latino investors
SEC claims that CryptoFX posed as an educational platform but was a Ponzi, with its founder, who used to be a landscaper, lying that he is a trading guru.
Janet Yellen-led group: Digital assets could threaten financial stability if not regulated
The FSOC published a report as part of its follow-up on Biden’s executive order on digital assets, calling for Congress to appoint one regulator for the sector.
US SEC, Canada’s OSC file charges against $51M security token offering
The regulators allege that Troy Richard James Hogg used his two companies, Arbitrade Exchange and Cryptobontix Inc., to promote and sell Dignity digital asset to investors around the world.
Kim Kardashian settles for $1.26M with SEC over EthereumMax promotion
The celebrity posted on Instagram an ad that promoted EthereumMax to her 250 million followers, failing to disclose that she had received $250,000 in payment for the promotion.