Following a series of high-profile busts and failures, a bipartisan pair of senators has unveiled what would be the most comprehensive legislative proposal to regulate cryptocurrencies and other digital assets. However, it is unclear whether the bill proposed by Senators Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., will be able to pass through Congress, especially… Continue reading Senators Propose Sweeping Oversight in the Wake of Crypto Turmoil
Tag: digital assets
SEC Sues Cryptocurrency Promoters Over Deal That Raised $2 Billion
Regulators sued a group of cryptocurrency promoters who helped raise over $2 billion from investors with the promise of 40% monthly returns, in one of the largest cases ever brought over digital assets. The Securities and Exchange Commission on Friday sued five individuals in Manhattan federal court over their promotion of BitConnect. The SEC said… Continue reading SEC Sues Cryptocurrency Promoters Over Deal That Raised $2 Billion