
Commodity Futures Trading Commission (CFTC) officials have outlined a civil enforcement action charging Changpeng Zhao and three entities operating the Binance trading platform with alleged regulation violations.© Shutterstock The complaint filed in the U.S. District Court for the Northern District of Illinois is in regard to numerous alleged violations of the Commodity Exchange Act (CEA) […]
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Majority Whip Tom Emmer (R-MN) and U.S. Rep. Darren Soto (D-FL), co-chairs of the Congressional Blockchain Caucus, recently introduced a bill to establish regulatory clarity for the blockchain ecosystem.© Shutterstock The Blockchain Regulatory Certainty Act (BCRA) affirms blockchain developers and service providers that do not custody consumer funds are not money transmitters. “Crypto and blockchain […]
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The Department of Justice indicated Titanium Blockchain Infrastructure Services Inc. (TBIS) CEO and founder Michael Alan Stollery has been sentenced for his role in an alleged cryptocurrency fraud scheme.© Shutterstock Stollery, 54, was sentenced to four years and three months in prison for his alleged role involving TBIS’s initial coin offering (ICO) that raised approximately […]
The post Justice Department details sentencing of Michael Alan Stollery for role in cryptocurrency fraud scheme appeared first on Financial Regulation News.
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