SEC Charges NovaTech Founders in $650 Million Crypto Ponzi Scheme
The SEC has charged NovaTech's founders and promoters for running a cryptocurrency Ponzi scheme, causing significant losses to investors.

The SEC has charged NovaTech's founders and promoters for running a cryptocurrency Ponzi scheme, causing significant losses to investors.
Martin Grant’s inclusion signals a proactive approach by Binance.US to navigate the evolving regulatory landscape.
Binance.US Appoints Compliance Expert to Board: Martin C. Grant joins to enhance compliance efforts amid regulatory scrutiny. Grant's experience key to rebuilding trust and navigating complex landscape. CEO expresses confidence in upholding regulatory standards.
Speculation hints at possible early Bitcoin ETF approvals by January 5, 2024, or before January 20. SEC meetings suggest a positive outlook, with trading expected shortly post-approval, potentially affecting Bitcoin's market sentiment and future.
The US SEC and Binance have jointly submitted a status report, however the legal proceedings appear to encounter difficulties.
With the SEC and Binance US both claiming victory, the deal is ultimately a compromise, in favor of users.
The United States Securities and Exchange Commission (SEC) has strictly regulated digital currencies and crypto exchanges like Coinbase.
The exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future."
Ripple CEO Garlington claimed a “significant victory” in the dismissal of the SEC motion, but remained silent on the ruling of his own motion.
After launching in 2019, Binance.US has reached a pre-money valuation of $4.5 billion and rolled out services in 48 states and eight territories.