House Financial Services Committee Ranking Member Maxine Waters (D-CA) requested analysis and recommendations from Treasury and the SEC on the Republican-proposed legislation that would establish a digital asset framework.
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The SEC charged a firm and its sole officer for failing to register as a dealer in connection with its "convertible notes business."
The Congressional Research Service considered the potential impact of the expiration of the Division of Investment Management’s 2017 no-action letter permitting broker-dealers to receive cash payments for research services from investment managers subject to the EU’s Markets in Financial Instruments Directive II without being subject to regulation as "investment advisers".
A cryptocurrency platform settled charges brought by the New York State Attorney General for (i) failing to register as a securities or commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.
A District Court found a decentralized autonomous organization liable for operating an illegal trading platform and acting as a futures commission merchant without registering with the CFTC.