SEC Sues Texas Man Over $12.3M Crypto Fraud
The U.S. SEC has sued Nathan Fuller for allegedly defrauding investors of $12.3M through false claims about AI trading bots, seeking penalties and injunctions. #Breaking #Legal $BTC
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Charges Texas Man in $12.3M Crypto Fraud
The SEC has charged Nathan Fuller of Texas with a $12.3M crypto fraud scheme, falsely claiming AI trading bots guaranteed returns. He misappropriated $6.2M for personal expenses and made Ponzi-like payments. #Breaking #Legal $BTC
Hyperliquid Surges to $67 CFTC Opens Market
HYPE token hits $67.24 after CFTC approves the first U.S. perpetual futures contract, with a spot ETF decision pending from SEC. #Update #Crypto
CFTC Approves Crypto Perpetual Contracts Trading
The CFTC issued notices supporting cryptocurrency perpetual futures contracts, granting a no-action position for @Coinbase and approving @Kalshi’s offerings. #Update #Crypto $BTC $ETH
CFTC Reverses Gemini Settlement Deal Surprise
@CFTC seeks to vacate a $5M settlement with @Gemini, citing credibility issues with a whistleblower and evidence concealment. Former chair Tim Massad calls the reversal “extraordinarily unusual.” #Update #Legal $BTC
Crypto Fraud Case: Mashinsky Seeks Sentence Vacated
Celsius founder Alex Mashinsky filed to vacate his 12-year sentence, citing ineffective counsel linked to financial conflicts involving FTX’s SBF. #Breaking #Legal
Clarity Act Sparks Oversight Regulation Concerns
Klein warns that expanding the CFTC’s authority under the Clarity Act could lead to ineffective regulation without adequate resources, risking repeat failures in crypto oversight. #Update #Crypto
Bitcoin Boosts Crypto Stocks After CFTC Move
@Robinhood and @Coinbase stocks rise after CFTC move, ending week positively. Perpetual futures boost crypto market sentiment. #Update #Crypto
SEC Endorses 24/7 Crypto Trading Benefits
The U.S. Commodity Futures Trading Commission warns that while 24/7 trading suits crypto, it may not be suitable for traditional markets due to risks of volatility and market manipulation. #Update #Crypto $BTC $ETH
Bitcoin Perpetual Approved by CFTC
The Commodity Futures Trading Commission (CFTC) approved KalshiEX LLC’s BTCPERP, the first regulated bitcoin perpetual contract in the U.S., establishing a framework for onshoring crypto derivatives.
CFTC Approves Crypto Perpetual Contracts at Coinbase
U.S. CFTC approves @Kalshi to list bitcoin perpetual futures, allowing U.S. firms to engage in this market. Coinbase also receives guidance for global options and perps via its CFM subsidiary. #Update #Crypto $BTC
SEC Approves Paxos for Blockchain Stock Clearing
Paxos Securities Settlement Company, LLC (PSSC) has received SEC approval to clear U.S. stocks on blockchain, enabling same-day settlements and bypassing legacy systems. #Update #Crypto $USDC
CFTC Sues Minnesota Over Prediction Market Ban
@Kalshi has filed a federal lawsuit against Minnesota’s new law criminalizing prediction markets, claiming it violates the Supremacy Clause and First Amendment rights. #Update #Legal $USDT
SEC Approves Paxos as Blockchain Clearing Agency
@Paxos has become the first blockchain-native firm registered as a clearing agency by the US Securities and Exchange Commission, enhancing crypto-based infrastructure for banks and brokerages. #Update #Crypto $PAXG