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CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

CFTC issued an order filing and settling charges against respondent Payward Ventures, Inc. d/b/a Kraken (Kraken) for illegally offering margined retail commodity transactions in digital assets, including Bitcoin, and failing to register as a futures commission merchant (FCM)

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Treasury Takes Robust Actions to Counter Ransomware

U.S. Department of the Treasury Ransomware

As part of the whole-of-government effort to counter ransomware, the U.S. Department of the Treasury today announced a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms

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SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings

SEC Compliance EthereumMax

SEC charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings.

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CFTC Charges Former Hawaii Resident in Forex and Futures Ponzi Scheme

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Hawaii against Gregory Demetrius Bryant, Jr., formerly of Hawaii, for fraudulent solicitation, misappropriation, operation of an unlawful commodity pool, and failure to register with the CFTC.

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Prepared Remarks of Gary Gensler, Chair of the Securities and Exchange Commission, Before the American Bar Association Derivatives and Futures Law Committee Virtual Mid-Year Program

Gary Gensler SEC Chair

Thank you for the kind introduction. It’s good to be back with the American Bar Association’s Derivatives and Futures Law Committee.

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Readout of the Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins

DEPARTMENT OF THE TREASURY stablecoins

Janet L. Yellen convened the President’s Working Group on Financial Markets (PWG), joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss stablecoins

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Eddie Yue: Opening remarks on regtech

Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority regtech

Opening remarks by Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, at the HKMA's "Unlocking the Power of Regtech" event

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Consumer warning on Binance Markets Limited and the Binance Group

Binance Markets

Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group).

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SEC Charges Investment Advisers With Cherry-Picking, Obtains Asset Freeze

Securities and Exchange Commission suspended trading cherry-picking Stephen Buyer

SEC announced that it has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami-based investment professional and two investment firms for engaging in an alleged “cherry-picking” scheme in which they channeled millions of dollars in trading profits to preferred accounts.

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Federal Court Orders Virginia Resident to Pay More Than $5 Million for Futures and Options Fraud

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

Judge John A. Gibney, Jr., of the U.S. District Court for the Eastern District of Virginia entered a Consent Order for Permanent Injunction, Restitution and Ancillary Equitable Relief against defendant Leonard J. Cipolla finding, among other things, that Cipolla fraudulently solicited individuals to place funds in a commodity pool to trade futures and options

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