Wisconsin unveils tracker to fight crypto fraud and investment scams
The Wisconsin Department of Financial Institutions is launching a new scam tracker based on consumer complaints to protect investors from crypto and investment fraud.
The Wisconsin Department of Financial Institutions is launching a new scam tracker based on consumer complaints to protect investors from crypto and investment fraud.
Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.
The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets.
Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet.
Investor sentiment on AI-focused funds may hinge on 4Q results; stock loses 5.6% after weak Azure results.
According to Odaily, the Bahamas Securities Commission has announced that the Bahamian Parliament has passed the Digital Assets and Registered Exchanges Act (DARE 2024). This legislative move strengthens the country's position in the realm of digital asset regulation. Building on the foundation laid by the 2020 DARE Act, the new law introduces comprehensive reforms aimed at addressing the evolving landscape of digital assets and cryptocurrency markets.Christina Rolle, Executive Director of the Bahamas Securities Commission, stated, 'DARE 2024 represents a new standard in digital asset regulation. The framework we have created not only focuses on investor protection but also encourages responsible innovation, positioning the Bahamas at the forefront of global digital asset regulation.'
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has launched an information page specifically for investors affected by Terraform Labs. The SEC stated that since the settlement agreement was reached last month, investors have been inquiring about the compensation process. The SEC clarified on its webpage that it will not receive any compensation until investors and creditors have received their full bankruptcy case payouts. The SEC added that the Chapter 11 plan confirmation hearing and start date are expected to take place in the fall.Previously, it was reported that Terraform Labs agreed to pay $4.47 billion as part of the settlement agreement with the SEC. The company will pay $3.58 billion in illicit gains and $420 million in civil penalties. The settlement terms also prohibit its co-founder, Do Kwon, from serving as an executive or director of any public company.
Caitlin Long discusses how Trump’s pro-bitcoin stance could transform U.S. financial regulations.
ETF executive Cohen tells Bloomberg that interest in crypto assets would be "the story of this year and next."
"Over the next 10, 15 years, for sure, the United States will have some Bitcoin on its balance sheet or kind of in a strategic stockpile. I think the question really just becomes, how aggressive are we in that?"