News list for " attorney general"
On Thursday afternoon, 18 states led by Kentucky Attorney General Russell Coleman, in partnership with cryptocurrency advocacy group DeFi Education Fund, jointly sued the Securities Exchange Commission (SEC) and five of its commissioners in Kentucky District Court. They charged that the SEC, under the leadership of Chairperson Gary Gensler,...
According to an internal communication about the New York Attorney General's subpoena seen by Coindesk and two people familiar with the matter, New York Attorney General Letitia James has joined the regulatory offensive against cryptocurrency trading platform Uniswap. Last month, Letitia James' office issued subpoenas to a number of venture capital firms that had invested in Uniswap, including Andreessen Horowitz (a16z) and Union Square Ventures, two sources said. A person who has seen the subpo...
New Jersey Attorney General Matthew J. Platkin, the Department of Consumer Affairs, and the New Jersey Securities Authority announced Monday that investors in the state should immediately withdraw funds from crypto trading and lending platform Abra. The move follows investigations in multiple US states into the company's sale of interest-bearing accounts, which allegedly violated state securities laws. Cari Fais, acting director of the Department of Consumer Affairs, said: "The agreement announc...
A seven-state coalition led by Iowa Attorney General Brenna Bird filed an amicus brief on July 10 opposing the Securities Exchange Commission's attempts to regulate cryptocurrencies. The coalition includes Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma. The alliance pointed out that the SEC's "expansion of power" will hinder innovation, hurt the cryptocurrency industry, and...
North Carolina Attorney General Josh Stein has issued a warning against Bitcoin ATM scams after receiving numerous complaints. The warning outlines tips to avoid such scams, emphasizing caution with unsolicited cryptocurrency payment requests, shifting online relationships to finance, verifying investment advice, and avoiding get-rich-quick scams. Victims are urged to report scams to local law enforcement and consumer protection.
Donald Verrilli, a former US attorney-general, has claimed that federal regulators are actively and co-ordinately trying to "debank" the digital asset industry. In court, he supported the appeal of Custodia Bank, which was denied its application for a Federal Reserve master account because of its involvement in cryptocurrency. Verrilli argued that this reflected federal regulators' efforts to isolate the digital asset industry from the traditional economy. Several politicians and organizations, ...
The New York State Attorney General's Office filed a motion opposing a motion filed in March by Digital Currency Group (DCG), founder and CEO Barry Silbert, and former CEO of Genesis, DCG's wholly-owned cryptocurrency trading arm, Soichiro "Michael" Moro, to dismiss the fraud case. The New York Attorney General's Office has charged Genesis, DCG, Silbert, and Moro, along with cryptocurrency exchange Gemini, with defrauding investors by conspiring to cover up Genesis assets.
New York Attorney General Letitia James has announced a $2 billion settlement with bankrupt crypto lender Genesis that will help maximize compensation for investors. Since Genesis previously declared bankruptcy, the settlement, which requires review and approval by the bankruptcy court, will establish a victims fund to assist defrauded investors, including at least 29,000 New Yorkers who contributed more than $1.10 billion to Genesis through Gemini Earn investments. In addition, and...
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