By Adrianne Appel2025-05-22T15:46:00
The Securities and Exchange Commission (SEC) has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.
From February 2022 until May 20, Unicoin chief executive officer Alex Konanykhin, former president and board chair Silvina Moschini, and former chief investment officer and current board member Alex Dominguez offered certificates to the public that promised to convey rights to stock in a cryptocurrency asset, Unicoin tokens, that were not yet minted.
The executives, plus Unicoin general counsel Richard Devlin, claimed the crypto assets were backed by billions in real estate holdings and equity in startup companies.
2025-05-20T20:50:00Z By Adrianne Appel
The Securities and Exchange Commission has too many vacancies following efforts by the Trump Administration to reduce the overall size of the federal government, SEC Chair Paul Atkins told Congress Tuesday.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
2025-05-13T18:42:00Z By Ian Sherr
The head of the Securities and Exchange Commission promised new sets of rules around cryptocurrency assets, saying his team intends to lay out regulatory frameworks around custody and “qualified custodians,” as well as guidelines around issuing and trading. The expected move marks the latest step in the U.S. government’s embrace ...
2025-09-22T20:40:00Z By Adrianne Appel
Serious bribery, health care fraud and crimes that threaten U.S. investors are top enforcement priorities of the Trump Department of Justice, (DOJ), according to the acting head of the Department of Justice’s Criminal Division.
2025-09-22T20:25:00Z By Neil Hodge
The U.K. will require companies to report ransomware payments, but experts warn this could lead to “box-tick” compliance rather than real cyber-resiliency, since it’s cheaper.
2025-09-18T18:28:00Z By Adrianne Appel
About 125 federal regulations deemed anticompetitive by President Trump are poised for possible elimination, following recommendations delivered Wednesday to the Office of Management and Budget (OMB).
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