Daily Archives: April 11, 2024, 7:45 am

Top Crypto Exchanges Look to Move Beyond Settlements With U.S. Regulators – WSJ

Chief compliance officers from three top cryptocurrency exchanges said they continue to make additional investments in compliance controls and staffing as they look to move on from settlements with U.S. regulators over various compliance failures. Compliance chiefs at crypto exchanges Binance, Coinbase and Kraken said at an industry conference Wednesday that they also hope lessons from these settlement agreements could…

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KPMG Fined Record $25 Million in Exam-Cheating Scandal – WSJ

KPMG’s Netherlands unit agreed to pay a $25 million fine over claims of exam cheating and misinforming investigators, the largest monetary penalty imposed on an auditing firm by the Public Company Accounting Oversight Board. KPMG Accountants NV failed to take adequate steps to identify and investigate misconduct in which employees provided answers or access to questions on exams, in violation…

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DeFi Exchange Uniswap Receives Enforcement Notice from the U.S. SEC

Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday. Uniswap’s native token, UNI, dropped 9.5% immediately after the news. Uniswap CEO Hayden Adams announced the receipt of the so-called Wells notice on X, saying he wasn’t surprised, “just annoyed, disappointed, and…

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House GOP Unveils Bill to Strike SEC Climate Disclosure Rule

House Republicans unveiled a bill Wednesday to nullify the Securities and Exchange Commission’s landmark corporate climate risk disclosure rule, joining a flurry of efforts in courts to kill the mandate. The bill, introduced by Rep. Bill Huizenga (R-Mich.), would use the Congressional Review Act to overturn the rules, which are currently on pause. The commission froze implementation of its regulation…

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