Penalty
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Regulation
SEC Rejects Ripple’s $10,000,000 Settlement Proposal, Says the Figure Would Not Satisfy Civil Penalty Statutes
The U.S. Securities and Exchange Commission (SEC) has clapped back against Ripple’s latest bid to reduce the severity of its…
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Regulation
Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty
Ripple is pointing to the recent Terraform Labs settlement in a bid to reduce their own penalty from the U.S.…
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Scams
SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with…
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Regulation
Ripple To File Response to SEC’s $2,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO
Ripple’s chief legal officer (CLO) Stuart Alderoty says the payments company is taking action in response to a court filing…
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Regulation
JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices
The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with…
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Regulation
Crypto Lender Genesis Agrees to $21 Million Civil Penalty To Settle Gemini Earn SEC Lawsuit: Report
Bankrupt crypto lender Genesis is reportedly agreeing to pay a $21 million civil fine to settle with the U.S. Securities…
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Regulation
US Government Slaps $1,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions
A San Francisco-based crypto exchange has reached an agreement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC)…
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Scams
US Regulator Slaps Trading Firm With $1,700,000,000+ Penalty for Defrauding Thousands of 29,420 Bitcoin
The Commodities Trading Futures Commission (CFTC) is hitting a South African Bitcoin (BTC) trading and networking firm with a ban…
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