Key Takeaways On Friday, the U.S. Securities and Exchange Commission (SEC) charged Mango Markets with conducting unregistered sales of its digital token, MNGO, which the watchdog classified as a security. The charges also extended to Mango DAO, Mango Labs LLC,…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has settled charges with TrueCoin and TrustToken, accusing both companies of fraudulent and unregistered sales of investment contracts tied to the TrueUSD (TUSD) stablecoin. The settlement was reached on September 24…
Key Takeaways Two users have filed a class-action lawsuit against NFT marketplace OpenSea, alleging the platform facilitated the sale of unregistered securities. The lawsuit, filed in a Florida federal court on September 19 by Anthony Shnayderman and Itai Bronshtein, claims…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two crypto platforms, NanoBit and CoinW6, accusing them of defrauding investors out of more than $2 million. The cases, filed on September 19, mark the SEC’s first…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has asked for more time to gather documents in its ongoing legal battle with Coinbase, one of the largest cryptocurrency exchanges in the country. On September 18, the SEC filed a…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repayments…
Key Takeaways The Nigerian Securities and Exchange Commission (SEC) has given an Approval-in-Principle to two cryptocurrency exchanges, Quidax and Busha. This grants them the status of officially recognized crypto trading platforms in Nigeria. The approval was granted under the SEC’s…
Abra has reached a settlement agreement with the US SEC in response to accusations that it failed to register the offers and sales of its loan product.
The SEC of Nigeria intends to grant licenses to exchanges that trade crypto.
Key Takeaways A New York District Judge has denied the U.S. Securities and Exchange Commission’s (SEC) request to hold a pre-trial conference or submit additional responses in its ongoing securities fraud lawsuit against Tron founder Justin Sun and the Tron…
