Kraken lawsuit
The SEC sued Kraken, a major cryptocurrency exchange, for operating an unregistered securities exchange. The SEC claims that Kraken is offering specific cryptocurrencies for sale that they consider securities. Kraken argues that courts have rejected the SEC's previous attempts to classify crypto assets as securities.
Sam Bankman-Fried
A US court ordered Bankman-Fried to remain in jail while awaiting trial. Bankman-Fried is facing charges of fraud and conspiracy related to the collapse of the cryptocurrency exchange FTX.
Tether seizure
The Justice Department seized nearly $9 million in Tether, a cryptocurrency linked to the US dollar. The funds were traced to cryptocurrency addresses linked to an organization that allegedly scammed over 70 victims.
