U.S. SEC Subpoenas PayPal About USD Stablecoin
BanksterCrime: By Amitoj Singh Nov 2, 2023 at 5:47 a.m. CDT Updated Nov 3, 2023 at 6:48 a.m. CDT PayPal (PYPL) received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin, the global…
SEC Chief Unleashes Fury On Crypto Industry, Says It’s ‘Rife With Fraud’–US Gov. Won’t Let Crypto Success Play Out
BanksterCrime: Gary Gensler, the chairman of the US Securities and Exchange Commission, continues to express deep concerns about the cryptocurrency sector and its lack of regulatory oversight. In an interview, Gensler once again criticized cryptocurrencies’ decentralized nature, making it a…
SEC v. Coinbase: Judge Questions SEC’s Ability to Protect Investors
Judge Katherine Polk Faila of the U.S. District Court for the Southern District of New York recently held a pre-motion conference regarding the Securities and Exchange Commission’s (SEC) lawsuit against Coinbase. In their lawsuit filed in early June 2023, the regulator claims…
Ex-Celsius CEO Arrested On Fraud Charges, Bankrupt Crypto Firm Sued By SEC
The U.S. SEC filed a lawsuit against the bankrupt crypto lender on July 13 followed by news reports about the arrest of the former CEO Alex Mashinsky. The SEC alleges that Celsius and Mashinsky “misrepresented Celsius’s central business model and…