tldr; In Q3 2024, cryptocurrency-related litigation by the SEC surged, with cases increasing fourfold compared to Q2. Half of all digital asset cases for the year occurred in this quarter, with September seeing more litigation releases than the entire first quarter. Notable cases included the conclusion of a complaint against FTX’s auditor, Prager Metis, and a significant fraud case involving CoinW6. Despite the rise, cryptocurrency cases still represented a small fraction of total SEC complaints, highlighting ongoing regulatory challenges in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
2 Comments
This is not the pumptober I was looking for.
tldr; In Q3 2024, cryptocurrency-related litigation by the SEC surged, with cases increasing fourfold compared to Q2. Half of all digital asset cases for the year occurred in this quarter, with September seeing more litigation releases than the entire first quarter. Notable cases included the conclusion of a complaint against FTX’s auditor, Prager Metis, and a significant fraud case involving CoinW6. Despite the rise, cryptocurrency cases still represented a small fraction of total SEC complaints, highlighting ongoing regulatory challenges in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.