The SEC has suspended the lawsuit against the cryptocurrency mining company Geosyn Mining and its executives, after similar charges were brought against them by federal prosecutors. The SEC’s lawsuit claims that the company’s executives defrauded investors of $5.6 million by selling unregistered securities. They are also accused of using client funds for personal purposes and falsifying reports. The legal proceedings were suspended amid the criminal case and political statements about relaxing the regulation of the cryptocurrency market.
2/17/2025 11:18:07 AM (GMT+1)
The SEC suspends the lawsuit against Geosyn Mining and its executives amid similar fraud charges and the use of client funds by federal prosecutors
21
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
Trump announced the creation of the strategic crypto reserve of the USA with Bitcoin, Ethereum, and other cryptocurrencies, supporting the development of the industry and strengthening the USA's position in the crypto market
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
Congressman Brandon Gill proposed a bill to replace Benjamin Franklin with Donald Trump on the $100 bill to recognize his contributions to America
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
