The SEC launched an investigation into insider trading on crypto exchanges

The US Securities and Exchange Commission (SEC) has begun studying measures to protect US cryptocurrency exchanges from insider trading, calling into question the legality of such a business. Fox Business journalist Eleanor Terrett tweeted that, according to her sources, the SEC sent letters to several crypto exchanges to obtain comprehensive information about their measures to protect investors from insider trading. After allegations of insider trading were made in the crypto industry, the head of the…

BlockFi will pay a fine of about $ 1 million for violation of the securities law in the state of Iowa

The regulator of the US state of Iowa (IID), after an investigation by the US Securities and Exchange Commission (SEC) and other regulators, demanded that BlockFi pay an administrative fine of about $1 million. According to Iowa Insurance Commissioner Doug Ommen, cryptocurrency lending service BlockFi will have to pay $943,396.22 to list and sell securities without proper registration and regulatory approval. In addition, the regulator ordered the company to immediately stop working in the state.…