Miami $4M ‘crypto’ refund scam leader pleads guilty to wire fraud
Esteban Cabrera Da Corte, the man behind the Miami-based syndicate operating a refund scheme, entered a guilty plea that would likely reduce his 20-year sentencing over wire fraud.
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DOJ charges 5 over digital currency price manipulation using bots
If found guilty, Kane, Wolvaardt, and Hampton will face five years in prison for conspiracy to commit securities price manipulation and 20 years on other charges.
Judge approves the monitoring of Sam Bankman-Fried’s parents’ phones
To avoid breaching bail conditions again, U.S. District Court Judge Kaplan ordered to broaden the monitoring of Sam Bankman-Fried's activities to include surveillance of his parents' mobile phones.
Coinbase sues SEC to get clarity on digital asset regulations
The digital asset company has taken legal action against the SEC, asking a federal judge to force the U.S. financial markets regulator to respond to a previous petition for digital asset specific rules.
SEC to advisers: Get a firm grasp of digital currencies before making client recommendations
As per the securities regulator, investment brokers must understand the risks associated with digital currencies, while advisers must know the financial status, risk appetite, and previous investments of investors.
The dollar dominance
Dollar dominance may be a considerable factor for the U.S. in retaining its global power, but not in the long run, as it contributes to the gradual weakening of the American industrial strength.
Sorry crypto bros, Gary Gensler is right
Gary Gensler stood his ground that existing laws apply to digital assets since day one amidst criticism from the crypto bros, who lament the alleged ambiguous regulations that meddle with their operations.
Coinbase’s overseas expansion seeks more swaps, fewer cops
Coinbase recently posted an update on its plan to “go broad and deep,” aka establish bases of operation in jurisdictions that will let it do what American authorities won’t let it do at home.
Taylor Swift evaded FTX due to securities violation concerns, lawyer says
Taylor Swift was the only celebrity who bothered to ask FTX if they were offering unregistered securities, and it saved her millions of dollars in an ensuing lawsuit.
US: Reginald Fowler faces 7 years in prison over crypto shadow banking activities
Reginald Fowler, who ran Crypto Capital Corp, is to be sentenced on April 20 and the DOJ is pushing for 7 years behind bars to reflect the seriousness of the offense.
US stablecoin bills might someday pass, but not this one
Stablecoins were front and center in the House of Representatives' Financial Services Committee hearing last Wednesday, and some of the opinions voiced were more than a little unstable.
Republicans to SEC’s Gensler: Leave ‘crypto’ alone!
Gary Gensler took a jab from Rep. Patrick McHenry after claiming that the 'crypto' market is noncompliant with the law, with the latter saying that the SEC hasn't even clarified the statute of digital assets.