Crypto Industry Has Paid $2.5 Billion in Fines Since Bitcoin Inception – BeInCrypto

Regulators in the United States have imposed fines of $2.5 billion on the cryptocurrency industry since Bitcoin’s founding.
Sponsored
Sponsored
The Securities and Exchange Commission (SEC) is responsible for issuing a majority of these fines according to analysis from Elliptic.

Read more

CFTC Commissioner Calls for Crackdown on ‘Illegal’ DeFi – BeInCrypto

The Commodity Futures Trading Commission chief has declared unlicensed decentralized finance (DeFi) platforms illegal after searching for the term on Google.
Commissioner Dan M. Berkovitz of the U.S.

Read more

SEC and CFTC See Crypto Literate Heads Chosen – BeInCrypto

Heath Tarbert has departed from his role as chair of the  Commodity Futures Trading Commission (CFTC). Chris Brummer will take over the role.   

Newly elected U.S President Joe Biden wasted no time following his inauguration.

Read more

Biden Selects MIT Blockchain Professor Gary Gensler to Head SEC – BeInCrypto

The crypto-savvy Gary Gensler will be appointed to the position of SEC Chairman — a move that will likely be advantageous for the industry.
President-elect Joe Biden will appoint Gary Gensler as US Securities and Exchange Commission (SEC) as Chairman, according to a Reuters report.

Read more

Lawsuit Claims BitMEX Officials ‘Looted’ $440 Million Despite Knowledge of Probe – BeInCrypto

A civil lawsuit alleges that BitMEX’s co-founders directed roughly $440 million away from the exchange despite knowledge of investigations. It also suggests that the funds were moved to limit seizure by authorities.

A civil lawsuit dated Oct.

Read more

BitMEX CEO Steps Down in the Wake of Criminal Allegations  – BeInCrypto

The CEO of Bitcoin derivatives exchange BitMEX, along with some of its leadership team, have stepped down in the wake of allegations from US regulators that it was operating illegally.

Read more