California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto A...
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s Department of Financial Protection Investigates FTX, Publishes Consumer Warning Following the report that shows the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly....
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The Turkish regulator joined the United States and the Bahamas in investigating the exchange's fall. Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.Along with FTX, the agency will look into people and institutions related to the platform — including banks, electronic money institutions and crypto-asset providers — according to an official statement from Nov. 14. The regulator also noted that it had been monitoring FTX’s activities in accordance with the country’s....
The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional investors. New US Crypto Regulation Will ‘Work for Everybody’ Acting Comptroller of the Currency, Brian Brooks, answered some questions about the upcoming U.S. cryptocurrency regulation in an interview with....
California attorney Charlotte C. Lin is planning to launch an investigation in cryptocurrency mining manufacturer KnCMiner, an announcement reveals (hat tip to Coin Fire). Lin, who practices in a number of legal areas that include DUI defense, immigration, employment, and more, has launched a website at "kncclassaction.com" for the cause. According to the announcement, the firm is actively "investigating KNCMiner for possible breach of implied warranty of fitness, misrepresentation, and other violations of law by failing to provide a functional or usable product, false advertising; failing....
Per a report from Barron’s, FTX CEO Sam Bankman-Fried and other subsidiaries of these platforms are under investigation by the Texas securities regulator. The executive and affiliated entities will be under probe for their alleged offering of unregistered securities. Related Reading: Digital Currency Could Soon Become Legal Tender In Macau – Here’s How The Texas […]
California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say "alt-season" is over.