US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance
Nikhilesh De, CoinDesk
The Treasury Department listed a number of questions, asking the general public to weigh in on how it’s approaching cryptocurrencies and their possible role in illegal activities.
Crypto Firm Fights SEC by Claiming Its Investors Lack Rights
Chris Dolmetsch, Bloomberg
Cryptocurrency firm Ripple Labs Inc. sought to defeat a Securities and Exchange Commission suit by claiming that its XRP token isn’t a security subject to the regulator’s authority.
Alameda to Repay $200 Million in Crypto to Bankrupt Voyager
Suvashree Ghosh, Bloomberg
Crypto billionaire Sam Bankman-Fried’s Alameda Research will return about $200 million worth of Bitcoin and Ether it had borrowed from insolvent Voyager Digital Ltd., according to a court filing from Voyager.
Sparkster Settles With SEC, Agrees to Pay Back $35M to ‘Harmed Investors’ of 2018 ICO
Cheyenne Ligon, CoinDesk
Cayman Islands-based software company Sparkster and its CEO, Sajjad Daya, have agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) over charges stemming from the company’s unregistered 2018 initial coin offering (ICO).
Treasury and Justice reports tackle crypto crime
Crystal Kim, Axios
The Treasury and Justice departments intend to act as nail and hammer to the dark side of the crypto industry — one working to identify cyber criminals and their exploits and the other, prosecuting and bringing those baddies to account.
SEC Suit Hints at Case for US Jurisdiction Over Ethereum Network
Suvashree Ghosh, Bloomberg
The saga over cryptocurrency regulation took another twist courtesy of a comment buried in a Securities and Exchange Commission lawsuit that hints at a case for US jurisdiction over the Ethereum blockchain. The suit lodged Monday is against the founder of a crypto investment research firm over allegedly undisclosed incentives linked to an initial coin offering. It also detailed the movement of Ether tokens in relation to the case.
Crypto gets top billing at SkyBridge SALT event amid market “winter”
Kia Kokalitcheva, Axios
We’re in a crypto “winter,” but you wouldn’t know it by attending the annual SALT conference in New York City this week, sponsored by hedge fund SkyBridge.
Crypto market maker Wintermute loses $160 million in DeFi hack
Manish Singh, TechCrunch
Wintermute, a leading crypto market maker, has lost about $160 million in a hack, a top executive said Tuesday, becoming the latest firm in the industry to suffer a breach.