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Join the Securities Litigation and Enforcement Group on LinkedInBlockchain Bros Should Beware India’s Crypto Crackdown – WSJ
China has banned cryptocurrencies outright, and the West is looking to regulate them. India is taking a different approach: Tax them to death. One of the world’s most spectacular crackdowns on cryptocurrencies has unfolded in the world’s second-most populous nation over the past several months. If other developing countries in Asia choose to take a […]
SEC chief faces scrutiny from GOP over progressive agenda | Fox Business
The Securities and Exchange Commission run by a former Goldman Sachs investment banker Gary Gensler has become public enemy No. 1 for many House and Senate GOPers. They say his policies, which include newly proposed rules that force progressive edicts on the environment and other social issues near and dear to Democrats as well as […]
The Crypto Securities Market is Waiting to be Unlocked. But First We Need Workable Rules. | The Coinbase Blog
TL;DR: Coinbase filed a petition asking the SEC to begin rulemaking on digital asset securities. The existing rules for securities just do not work for digital assets. Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment process, rather than through […]
Terra Founder Shin’s Home Raided as Korea Widens TerraUSD Crypto Probe – Bloomberg
South Korean prosecutors raided the home of Terraform Labs co-founder Daniel Shin, deepening a probe into allegations of illegal activity behind the collapsed stablecoin TerraUSD. A series of raids on crypto-exchanges and offices on Wednesday also included Shin’s home and his payment app Chai Corp., the Seoul Southern District Prosecutors Office said via a text […]
FBI says he ran a $59 million crypto Ponzi scam. It was much larger. – The Washington Post
The Justice Department and Commodity Futures Trading Commission alleged that EminiFX, owned by Eddy Alexandre of New York, was a Ponzi-like scheme that promised participants guaranteed returns of at least 5 percent every single week. Castleman said his investigation found that $250 million was collected from investors from September 2021 until May 2022 and that […]
Ex-Coinbase Employee and 2 Others Charged With Insider Trading of Crypto Assets – The New York Times
The prosecutors, as well as the Securities and Exchange Commission in civil charging documents, said Ishan Wahi, who at the time was part of a Coinbase team that listed assets on the exchange, passed on confidential information about when some cryptocurrency assets would be listed to his brother, Nikhil Wahi, and his brother’s friend Sammer […]