The SEC has obtained a temporary asset freeze and a restraining order against a Utah-based fraud unit selling crypto to US investors to the tune of $50million.
Bitcoin’s value dipped to a six-week low below $28,800. This decline occurred in the Asian trading session, shrinking its market cap to $562bn.
According to a report in The Wall Street Journal, Terra employee Chris Amani has been serving as the company’s CEO for months.
Nasdaq has pulled out of hopes for a crypto custody service, which was due to go ahead later this year, according to CEO Adena Friedman today.
The Reserve Bank of New Zealand (RBNZ) has said today that crypto requires “increased vigilance”, while it watches how other countries manage regulation of the space.
The KuCoin exchange is bringing in added compulsory know-your-customer (KYC) rules for its client base from next month, 15 July.
US law enforcement agencies have set up a Darknet Marketplace and Digital Currency Crimes Task Force to tackle “cryptocurrency-enabled crimes”.
Andreessen Horowitz (a16z) will open its first office outside of the US later this year, adding to the growing number of American firms choosing to move outside of the country as the SEC clamps down.
Robinhood will delist $ADA, $MATIC and $SOL on 27 June, following this week’s SEC crypto crackdown that listed the three tokens as securities in its charges against the Coinbase and Binance exchanges.
Former SEC official John Stark Reed has posted a lengthy tweet about the current crypto crackdown, stating: “Get out of crypto platforms now, I can’t say it any plainer.”
