SEC has intended to ensure client assets are well segregated and held in  accounts designed to protect the assets in the event of a qualified  custodian bankruptcy or other insolvencies, according to the material  released by the agency.

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US Congress divided during crypto legislation and targeted SEC.

The Securities and Exchange Commission complaint alleges Terraform Labs  and its co-founder Do Kwon “perpetuated a fraudulent scheme that led to  the loss of at least $40 billion of market value.”

The Berkshire Hathaway vice chairman Charlie Munger isn’t a fan of  cryptocurrency. He has been a significant critic of cryptocurrencies.

SEC said that Paul has been charged for making false and misleading statements regarding the cryptocurrency EthereumMax or Emax.


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