Indictments charge Chinese companies and their employees. Attorney General Merrick Garland announced eight indictments charging China-based companies and twelve against Chinese nationals with crimes relating to the production…
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Cryptocurrency Company Settles with FTC
Celsius Network used customer funds for operational purposes and high-risk investments. The Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which permanently bans…
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SEC Head Testifies Before House Financial Services Committee
Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…
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FBI Agents Arrest Bitzlato Founder in Miami
Departments of Justice and Treasury disrupt China-based cryptocurrency. Justice Department officials announced the arrest of Anatoly Legkodymov, the founder of the cryptocurrency exchange company Bitzlato. The FBI made…
Read MoreFederal Trade Commission Investigating Crypto Firms
Officials looking into allegations of deceptive conduct. The Federal Trade Commission said they have opened investigations into unspecified cryptocurrency firms over allegations of “possible misconduct.” The commission has received…
Read MoreTreasury Secretary Promotes Cryptocurrency Regulation
She expresses skepticism about the digital asset industry. The collapse of a cryptocurrency exchange known as FTX has been called a “Lehman moment” by Treasury Secretary Janet Yellen.…
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Justice Department Seizes $3.36 Billion in Cryptocurrency
Over 50,000 Bitcoin had been stolen from an illegal marketplace. The Department of Justice has announced its second-largest-ever seizure of cryptocurrency, $3.36 billion in Bitcoin. The cryptocurrency was…
Read MoreAdministration Focuses on Cryptocurrency Regulation
Federal departments implement actions to curb fraud and money laundering. Administration officials spoke last week about the publishing of reports identifying gaps in cryptocurrency regulation. The reports call…
Read MoreDepartments of State and Treasury Sanction Blender.io
Virtual currency mixer used heavily by North Korea. The Department of the Treasury sanctioned virtual currency mixer Blender.io (Blender) last week in partnership with the Department of State.…
Read MorePresident Orders Study of Cryptocurrency Risk
Wants consideration of creating a U.S. digital currency. President Biden signed an executive order last week instructing agencies across the federal government to study the possible risks presented…
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