SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance
The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale.
Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency
Singaporean citizen Ho Jun Jia, 29, also known as Matthew Ho, was indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies, according to a grand jury indictment from the U.S. District Court in Seattle, Washington.
SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws
The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday.
CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity
CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity.
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings.