California Regulator Issues Cease and Desist Order Against 11 Crypto Firms
DFPI allege that the crypto firms offered and sold unqualified securities, and 10 of them made material misrepresentations and omissions to investors
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Tether’s Former Auditor Fined $1.5 Million for Improper Conduct
SEC alleges that in Friedman LLP’s audits of the two companies, the auditor was found to have lied about conducting its audits following the standards of the Public Company Accounting Oversight Board.
Interpol Issues Red Notice for Terraforms Labs Founder Do Kwon, South Korea says
Kwon is facing charges related to the $60 billion wipeout of cryptocurrencies he created.
Kraken Doesn’t Plan to Register With U.S. SEC, Says Incoming CEO
Ripley states that Kraken does not intend to delist tokens the SEC has labeled as securities.
Moscow Stock Exchange Drafts Bill to Start Trading Cryptocurrencies
Sergey Shvetsov, chairman of the MOEX, states that the Exchange will enter the digital financial asset market in two formats.
MEV Gain Drains Users’ ETH Funds Through Fund-Stealing Backdoor
Reportedly, MEVbots' contract had a backdoor that allowed the creators to drain Ether from its users' wallets.
Coinbase Gets Approval to Operate in the Netherlands
The registration allows Coinbase to offer a full suite of retail, institutional, and ecosystem products to customers in the Netherlands.
New U.S. Draft Bill Could Potentially Ban Algorithmic Stablecoins
The legislation would criminalize the creation or issuance of new "endogenously collateralized stablecoins."
Court asks Tether to Produce Documents Supporting USDT Backing
Tether asked to produce "undoubtedly important" documents relating to the assessment of USDT's backing with US dollars.
SEC Claims Jurisdiction Since ETH Nodes are “Clustered” in the U.S.
Key Takeaways: SEC suggests that since most of ETH’s validating nodes currently operate in the United States more than in any other country, all Ethereum transactions globally should be considered of American origin. SEC made claims in the lawsuit against…