SEC Committed ‘Gross Abuse of Power’ in Suit Against Crypto Company, Federal Judge Rules
The regulator will be required to hisse attorneys’ fees for the defendants.
The regulator will be required to hisse attorneys’ fees for the defendants.
The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes.
The SEC charged 17 individuals tied to the scheme that allegedly scammed more than 40,000 victims.
The judge found that the SEC’s complaint “plausibly alleges” that the two crypto firms offered and sold unregistered securities via Gemini Earn.
The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks.
By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
Earlier this year, the regulator had denied permission to trade bitcoin ETFs.
The crypto exchange had petitioned for clear rules on digital assets, and the agency rejected the petition in December. Coinbase isn’t taking no for an answer.
A judge ruled that secondary market transactions violated securities law.
The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021.