Last week, the Securities and Exchange Commission issued an emergency lawsuit against Reginald Middleton and his two companies, Veritaseum LLC and Veritaseum Inc., alleging Middleton had held a fraudulent ICO. Middleton has since responded to the lawsuit, claiming that the Veritaseum assets have always remained in control of the two companies.
The New York Supreme Court has ruled that the New York attorney general does have jurisdiction over Bitfinex, Tether, and their parent company, iFinex, meaning the investigation into an alleged $850 million cover-up will continue.
Horizon State, an Australian-based blockchain voting platform, has shut down after a lawsuit brought against the firm, which has resulted in mounting legal costs.
Maryland is the most recent state to join the crypto enforcement initiative, which is led by the North American Securities Administrators Association.
Nevada’s financial regulators have changed their interpretation of what constitutes a money transmitter within the state, declaring that any transfer of value – money, credit, virtual currency, or other – will fall under money transmission laws. This change will require operators of the state’s cryptocurrency kiosks to each obtain a transmitter license.
After its initial letter campaign targeting crypto holders who may not have reported their gains or losses on their tax returns, the Internal Revenue Service’s second round of letters targets those who may have misreported their crypto holdings on tax documents.
The US Securities and Exchange Commission filed an emergency lawsuit against “financial guru” Reginald Middleton and his two companies, Veritaseum LLC and Veritaseum Inc., to safeguard $8 million of investor funds Middleton raised during an allegedly fraudulent initial coin offering.
In a recently amended complaint filed against Ripple, investors have cited guidelines from the Securities and Exchange Commission to argue that they were duped into purchasing unregistered securities when they bought XRP.
The US Congressional Research Service has released a report titled “Bitcoin, Blockchain, and the Energy Sector” that details the current state of energy consumption related to crypto mining and explores the possibility of integrating blockchain tech into current energy systems.
As part of its “Operation Cryptosweep” initiative, the New Jersey Bureau of Securities called for the halt of two initial coin offerings taking place in the state, stating that both companies were offering fraudulent securities. The companies in question were Zoptax, which was selling its Zoptax Coin, and UNOcall, which was offering investment opportunities in […]