The New York State Attorney General sued a cryptocurrency platform for (i) failing to register as a securities and commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.

The DOJ, the SEC and the CFTC filed actions against FTX and its founder Samuel Bankman-Fried for defrauding U.S.-based and foreign investors, which resulted in billions of dollars in losses and missing customer funds.

The U.S. Senate Committee on Agriculture, Nutrition, & Forestry considered testimony from key regulators and market participants on the bipartisan Digital Commodities Consumer Protection Act of 2022.