From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler's SEC.
SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We're in Bull Market, and Much More — Week in Review
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we’re in the next bull cycle.
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Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SECThe SECGov has accused Terraform Labs and its founder stablekwon of transferring more than 10,000 bitcoin out of platform accounts to a cold wallet following the collapse of TerraUSD last May. iamsandali reports
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SEC charges Terraform Labs over alleged 'multi-biillion dollar' crypto fraud | EngadgetThe SEC has charged Terraform and its CEO for allegedly running a 'multi-billion dollar' crypto fraud scheme..
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SEC Sues Terraform Labs, CEO Do Kwon For Defrauding InvestorsOn Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is charging Terraform and Kwon with fraud, selling unregistered securities, selling unregistered security-based swaps and other related claims. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the charges in the aftermath of a collapse that triggered a wave of bankruptcies in the crypto industry.
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Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do KwonTimothy Massad, now a research fellow at Harvard’s Kennedy School of Government, said U.S. bank regulators have the ability right now to create a framework that could license stablecoin issuers.
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NFT lending experiences resurgence, driven by BendDAO and Yuga Labs' collectionsFactors driving a surge in NFT loans include BendDAO's emergence and increased borrowing activity for Yuga Labs' NFTs.
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Crypto Startup Monad Labs Aims to Create Next ‘Ethereum Killer’ After Raising $19MTech startup Monad Labs, founded by the former team from TradFi giant jumptrading, raised $19 million in seed funding to develop a new blockchain that aims to improve on issues faced by layer 1s.
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