THE Digital Currency Group (DCG) will pay a $38 million fine to the SEC. The agreement concerns its subsidiary Genesisthat promised returns in cryptocurrencies to its investors, but declared bankrupt in early 2023. In addition to Genesis, DCG also controls Grayscalemanager of the third largest Bitcoin ETF in the world, and owner of the Coin […]
Tag: sec
US CVM sues hacked brokerage that had DAO: “not fooling us”
THE SECa kind of American CVM, has filed a lawsuit against the hacked broker Mango Labs and the Blockworks Foundation, as well as against the Mango DAO. The group of companies received accusations of operating a cryptocurrency exchange without providing guarantees to customers. It draws attention to the fact that the Mango Markets was a […]
“We do not approve or endorse Bitcoin,” SEC says after approving ETFs
The US Securities and Exchange Commission (SEC) has approved the listing and trading of shares of Bitcoin-based exchange-traded products (ETFs). However, the regulator wanted to make it clear that the approval is in no way an endorsement of Bitcoin as an investment. The SEC, the US financial market regulator, is responsible for evaluating and approving […]
SEC sues Kraken and collapses Cardano, Solana and other cryptocurrencies
The US Securities and Exchange Commission (SEC) is suing cryptocurrency broker Kraken for the second time in 2023. According to a note published this Monday (20), the broker had violated several US securities laws. Kraken reports this in response to the lawsuit “disagrees with the statements” of the SEC and what plans “defend vigorously” your […]