Treasury issued a Request for Comment on digital asset-related illicit finance and national security risks, as well as its publicly released action plan to address those risks.
Earlier this summer, and with much fanfare, cryptoassets trading platform LCX AG obtained an order from a New York state court judge authorizing it to use a "service token" to serve court papers on unknown defendants accused of stealing $8 million from a virtual wallet.
A federal jury convicted two former precious metal traders on charges of (i) fraud, (ii) attempted price manipulation and (iii) spoofing for their involvement in a multi-year market manipulation scheme.
A jury returned a rare verdict in a "qui tam" False Claims Act matter, finding a pharmaceutical company liable for $61 million in damages arising out of purported misconduct involving the Medicaid Drug Rebate Program.
In a full committee hearing, the Senate Banking Committee examined the risks posed to investors in connection with the "increasing presence of fraud" in the cryptocurrency and general securities markets.