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news-imageJanuary 17, 2025

Senator Cynthia Lummis Accuses FDIC of Crypto Misconduct

Lummis accuses FDIC of destroying crypto-related documents and silencing staff. The senator demands transparency and warns of criminal referrals for obstruction.
Publisher: TheNewsCrypto
Sentiment: Negative
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cover-imageCrypto news
January 17, 2025

Ted Cruz to challenge IRS crypto rule: report

Senator Ted Cruz of Texas is preparing to challenge a newly finalized IRS cryptocurrency regulation using the Congressional Review Act The rule requires decentralized cryptocurrency exchanges to collect customer information, including names and addresses, and issue tax forms to users.

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Positive
cover-imageBeInCrypto
January 17, 2025

Crypto.com Receives MiCA License for EU Business Expansion

Crypto.com received approval to conduct business operations in the EU under the new MiCA regulations. Under this new license, the exchange will be able to offer its full suite of crypto services in Europe.

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Negative
cover-imageCoinPedia
January 17, 2025

DCG Settles SEC Lawsuit for $38 Million Over Misleading Investors

In a latest development, the SEC has filed a lawsuit against Digital Currency Group (DCG) for allegedly misleading investors by failing to disclose its exposure to the collapsed hedge fund Three Arrows Capital (3AC).

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Negative
cover-imageBitcoin
January 17, 2025

SEC Imposes $38 Million Penalty on Digital Currency Group for Negligence

The U.S. Securities and Exchange Commission (SEC) has imposed a $38 million fine on Digital Currency Group (DCG), accusing the company of negligence in misleading investors about the financial stability of its subsidiary, Genesis Global Capital (GGC).

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cover-imageReuters
January 17, 2025

Digital Currency Group, former Genesis CEO to pay $38.5 mln over SEC charges

The U.S. Securities and Exchange Commission on Friday said Digital Currency Group Inc. and the CEO of its now-defunct subsidiary Genesis Global Capital LLC have agreed to pay a combined $38.5 million in civil penalties to settle charges they misled investors about Genesis's financial condition.

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Negative
cover-imageCryptopolitan
January 17, 2025

The U.S. strategic shitcoin reserve has gone too far – CryptoQuant CEO

Through a post on X, CryptoQuant CEO Ki Young Ju has said he dislikes the notion that the incoming US administration is considering other coins in its proposed Bitcoin strategic reserve holdings. He urges the US government to limit its digital asset reserve to only BTC.

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Positive
cover-imageCointelegraph
January 17, 2025

Crypto.com gets EU nod on MiCA license

Once finalized, the license will let Crypto.com operate across the EU under a unified regulatory framework.

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Negative
cover-imageCryptoSlate
January 17, 2025

SEC fines DCG $38M over alleged investor fraud, sanctions Genesis CEO for negligence

The US Securities and Exchange Commission (SEC) initiated enforcement actions against Digital Currency Group (DCG) and its subsidiary Genesis on Jan. 17. The regulator ordered DCG to pay a $38 million civil penalty and comply with a cease-and-desist order to prevent future violations of securities laws.

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cover-imageCrypto Briefing
January 17, 2025

SEC targets DCG and Genesis executives for fraud over 3AC fallout

SEC charges DCG, Genesis, and executives for fraud after 3AC collapse, alleging misleading claims, hidden insolvency, and investor losses. The post SEC targets DCG and Genesis executives for fraud over 3AC fallout appeared first on Crypto Briefing.

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Negative
cover-imageCoingape
January 17, 2025

Breaking: Digital Currency Group to Pay $38M in US SEC Settlement

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Digital Currency Group (DCG) for allegedly misleading investors. According to the markets regulator, the firm failed to disclose the extent of its exposure to Three Arrows Capital (3AC), the defunct hedge fund, thus, exposing investors.

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Positive
cover-imageCrypto news
January 17, 2025

Crypto.com grabs provisional MiCA license

Crypto.com has obtained an in-principle MiCA license, bringing the firm closer to full regulatory compliance across the European Union.

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cover-imageCryptoGlobe
January 17, 2025

Crypto Trader Misses Out on Millions After Selling AI Token AGiXT Too Soon

A cryptocurrency trader made a significant mistake after purchasing 46.5 million tokens of the rapidly gaining AI-related cryptocurrency AGiXT for $1,756. This investment, worth less than $1,800, was made when the token was on the token launch platform Pump.fun.

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Positive
cover-imageBitcoin
January 17, 2025

Crypto.com Pledges $1 Million to Aid Los Angeles Wildfire Relief Efforts

The donation will aid current relief efforts by Los Angeles firefighters while equipping them for potential future emergencies. $1 Million Donation to Support Los Angeles Wildfire Response Crypto.com has announced a donation of $1 million to support the Los Angeles wildfire relief efforts.

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