US SEC Cracks Down on CryptoFX for Running $300M Ponzi Scheme

Under cover of the cryptocurrency trading platform CryptoFX, the US SEC has charged 17 persons with organizing a $300 million Ponzi scam.

Under cover of the cryptocurrency trading platform CryptoFX, the US SEC has charged 17 persons with organizing a $300 million Ponzi scam.

On March 12, the Chicago, Illinois, United States Attorney's Office declared an almost $1.4 million seizure in Tether.

In a speech on March 11, the US FDIC warned that if blockchain technology regulation is handled poorly, bank clients and the US economy may lose out on prospects.

Until March 31, 2025, asset management VanEck will waive all sponsor fees for the first $1.5 billion of assets invested in its Bitcoin Trust ETF.

US Senator Cynthia Lummis is drafting legislation on stablecoins, a kind of cryptocurrency whose value is based on real-world assets to maintain price stability.

The ongoing story of Do Kwon is that a Montenegrin court has once again overturned an earlier ruling that called for the executive's extradition to the US.

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The US IRS has hired two new private-sector specialists in cryptocurrency taxation to concentrate on digital assets.

Five US senators have co-signed legislation calling for outlawing CBDCs to oppose the Biden administration's ambitions to introduce a "digital dollar."

WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.