NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme

Bitcoin Magazine NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme New York Attorney General Letitia James is trying to secure a $1.37 billion judgment against the operators of NovaTech and its predecessor AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded hundreds of thousands of investors worldwide out of more…

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Ripple Backs SEC Crypto Plan, Seeks Protections for Token Trading

Ripple Backs SEC Crypto Plan, Seeks Protections for Token Trading

Key Takeaways Ripple backs formal SEC rules over case-by-case crypto enforcement. Token status should follow issuer promises, the company argues. Requested safeguards address trading access, filings, and buyer eligibility. SEC Authority and Fundraising Rules Clearer rules for crypto fundraising and trading were central to Ripple’s Oct. 20 submission to the U.S. Securities and Exchange Commission…

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