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.
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.
In addition to the CFTC lawsuit, a U.S. District Court has halted the sale of Voyager Digital.
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."
Coinbase CEO Brian Armstrong said the U.S. SEC will not meet with the company, adding that 50 percent of officials in Washington are concerned about the risks of cryptocurrencies.
Ripple's boss says his company has been unfairly treated, giving ethereum an edge.
Ripple CEO Garlington claimed a “significant victory” in the dismissal of the SEC motion, but remained silent on the ruling of his own motion.