James Paul Seidel, who pleaded guilty to making false statements about his misuse of COVID relief money, will likely only get probation, under a deal between prosecutors and defense.
The Washington Department of Financial Services has issued a fresh warning to residents to be cautious about investing in “unregulated” products in light of the failures of FTX and BlockFi, the cryptocurrency exchanges that collapsed into bankruptcy.
On March 9, 2022, President Joe Biden signed an executive order titled “Ensuring Responsible Development of Digital Assets” laying out a national policy for digital asset regulation. .
On February 14, 2022, the Securities and Exchange Commission announced a settlement with a crypto lending company in a “first-of-its-kind enforcement action” for failing to register as.