United States Attorney Damian Williams and FBI Assistant Director James Smith announced the unsealing of an indictment charging Idin Dalpour with wire fraud concerning a multi-year crypto Ponzi scheme that defrauded investors of at least $43 million. Wire Fraud Indictment Unveils $43M Ponzi Scheme The indictment alleges that from approximately 2020 to April 2024, Dalpour […]
The United States Securities and Exchange Commission (SEC) has intensified its regulatory efforts targeting the emerging crypto market and Decentralized Finance (DeFi) sectors. The regulatory watchdog has recently adopted new rules imposing registration requirements on “dealers” and “government securities dealers.” While the SEC Chair, Gary Gensler, believes these measures protect investors and enhance market integrity, […]
In a significant development, the Department of Justice (DOJ) recently announced criminal charges against two individuals. It secured a guilty plea from a third person involved in a global crypto Ponzi fraud scheme known as HyperFund, among other aliases. The Securities and Exchange Commission (SEC) also filed a related civil action, charging two individuals involved […]
Crypto Assets Triumph As Commodities, But Face Regulatory “Turf War,” Says US CFTC Chair | Bitcoinist.com
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In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws. However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies regarding the oversight of the […]