“In the last full fiscal year, according to the SEC’s Office of the Inspector General, 18 percent of the SEC’s tips, complaints, and referrals were crypto-related, despite the crypto markets comprising less than 1 percent of the U.S. capital markets,” the press release said. “Court after court agreed with the Commission’s actions to protect investors and rejected all arguments that the SEC cannot enforce the law when securities are being offered — whatever their form.”
U.S. Court Orders Paxful to Pay $4M Over Illegal Funds and AML Case
TLDR Paxful must pay a $4M criminal penalty after a U.S. federal court sentencing this week. DOJ cut the penalty...
