Backed by Latham & Watkins, Jump Trading LLC easily beat allegations on jurisdictional grounds without prejudice late Wednesday in a Chicago federal court that the established trading firm […]
SEC Offers ‘Narrow’ Clarity on Crypto Staking
The U.S. Securities and Exchange Commission’s Division of Corporation Finance clarified its view on Thursday evening that certain proof-of-stake blockchain protocol “staking” activities are not securities transactions within […]
Labor Department Ends Cautionary Stance on Crypto in Retirement Plans
The U.S. Department of Labor’s Employee Benefits Security Administration rescinded a 2022 compliance release on Wednesday that previously discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans. […]
SEC Alleges Unicoin Misled Thousands in $100 Million Fraudulent Crypto Securities Offering
The U.S. Securities and Exchange Commission announced Tuesday evening that it has civilly charged New York City-based Unicoin Inc. and three of its top executives for allegedly making […]
NFT Purchasers Sue Nike Over Alleged Crypto Scam
Nike is facing a class action complaint in New York federal court by non-fungible token purchasers who claimed the corporation hyped a project with recently acquired RTFKT to […]
Judge Expresses ‘Grave Suspicion’ Over Deleted Messages Ahead of Sanctions Hearing for Crypto Investor
A federal district court in Tampa will hold a sanctions hearing Thursday involving Gary Cardone, a prominent crypto investor, and one of his companies, Chargebacks 911, over allegations […]
Crypto ‘Market Makers’ Barred From Securities Industry
Two “market makers” who promoted microcap stocks and cryptocurrencies to hundreds of thousands of followers on Tuesday agreed with the U.S. Securities and Exchange Commission in Massachusetts federal […]
Shifting Crypto and Cyber Priorities In SEC Enforcement
At the end of each fiscal year, the U.S. Securities and Exchange Commission (SEC) issues its annual enforcement report. Within the report the SEC publishes its enforcement statistics […]
Crypto Investment Firm Alleges $16M ‘Rug Pull’ by DeFi Insiders
Hash Asset Management Ltd. sued the founders of the ICHI crypto protocol in Delaware state court for orchestrating what the digital asset investment firm alleged was a pump-and-dump […]
Tinder Seduction Ends in $3M Crypto Scam
In early January 2024, Ari Ben Swartz, a retired systems analyst living in Las Cruces, New Mexico, did what many newly single Americans do: he downloaded Tinder. His […]