The Securities and Exchange Commission brought charges against Xue Samuel Lee, the co-founder of HyperFund, and Brenda Indah Chunga, also known as “Bitcoin Beautee,” the fund’s top promoter, for securities violations. ...more
On May 3, the SEC announced that the Cyber Unit in the Division of Enforcement is renamed the “Crypto Assets and Cyber Unit” and will expand by 20 positions to approximately 50 positions. Regulation of digital assets has...more
5/5/2022
/ CFTC ,
Commodity Exchange Act (CEA) ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Enforcement ,
Fraud ,
Lending ,
Non-Fungible Tokens (NFTs) ,
Ponzi Scheme ,
Securities and Exchange Commission (SEC) ,
Stablecoins
The Fifth Circuit overturned a U.S. District Court’s approval of a settlement between Ralph Janvey, the Receiver for Stanford International Bank, and various insurance company Underwriters, under which the Underwriters had...more
6/27/2019
/ Abuse of Discretion ,
Appeals ,
Co-Insured Issues ,
Fraud ,
In Rem Jurisdiction ,
Insurance Code ,
Insurance Industry ,
Jurisdiction ,
Ponzi Scheme ,
Receivership ,
Reversal ,
Settlement ,
Third-Party ,
Underwriting