Search Results for: BBY

SEC Charges Disgraced Lobbyist Jack Abramoff With Fraud for AML Bitcoin ICO

Disgraced political lobbyist Jack Abramoff and Marcus Andrade, CEO of the NAC Foundation, have been charged with fraud by the Securities and Exchange Commission (SEC) for misrepresenting the AML Bitcoin token’s compliance. The pair also face criminal charges with the Department of Justice (DOJ) for money laundering. The SEC filed charges against Abramoff and Andrade … Continue reading SEC Charges Disgraced Lobbyist Jack Abramoff With Fraud for AML Bitcoin ICO

‘AML BitCoin’ Lobbyist Abramoff Pleads Guilty to ICO Fraud

AML BitCoin lobbyist Jack Abramoff has pleaded guilty to multiple accounts of fraud associated with the 2018 Initial Coin Offering (ICO) for AML BitCoin.  Along with CEO of the NAC Foundation Marcus Andrade, he was charged in June by the Securities and Exchange Commission (SEC) for conspiracy to defraud investors, conspiracy to wire fraud and violation of the Lobbying Disclosure Act.  Abramoff admitted by phone to having conspired … Continue reading ‘AML BitCoin’ Lobbyist Abramoff Pleads Guilty to ICO Fraud

AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

In the civil case filed against Jack Abramoff for his role in the 2018 Initial Coin Offering (ICO) scandal, the AML BitCoin lobbyist is expected to pay $55,000 in disgorgement and interest for his conspiracy in fraud. During the 2018 ICO marketing campaign, Abramoff and founder of AML BitCoin Marcus Andrade were reported to have provided misleading information concerning their prized token, in an attempt to obtain crypto funds from interested sponsors.  In … Continue reading AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

Ripple’s Lobbying Efforts in 2020 to Improve Crypto Regulation May Have Been in Vain

In 2020, Ripple Labs ran what may have been the cryptocurrency industry’s most expensive lobbying program, appealing to legislators to reconsider how securities laws classified and regulated crypto. All in all, last year, Ripple Labs spent $690,000 for lobbying. Although it was the biggest amount of money spent on lobbying programs by anyone in the … Continue reading Ripple’s Lobbying Efforts in 2020 to Improve Crypto Regulation May Have Been in Vain

Square, Paradigm, Fidelity, and Coinbase Establish Crypto Council to Lobby Regulators

Normal 0 false false false EN-US X-NONE X-NONE Crypto venture capital firm Paradigm, Square, Fidelity Investments, and Coinbase crypto exchange have established a new cryptocurrency council to lobby policymakers to support the rapidly growing crypto industry. The aim of the newly formed trade group “The Crypto Council for Innovation” is to ensure that policymakers understand … Continue reading Square, Paradigm, Fidelity, and Coinbase Establish Crypto Council to Lobby Regulators

Foundry Digital Joins Forces with Crypto Lobbying Group Blockchain Association

Foundry Digital, a subsidiary business of Digital Currency Group (DCG) focused on digital asset mining and staking, on Thursday announced that it has become a member of the Blockchain Association, which is made of industry leaders advocating for the collaboration and innovation necessary to support American leadership in the crypto industry. The association is a … Continue reading Foundry Digital Joins Forces with Crypto Lobbying Group Blockchain Association

Goldman Sachs Lobbying FTX Exchange for an IPO Move

American investment banking giant Goldman Sachs is notably lobbying FTX Derivatives exchange if the crypto trading platform decides to go public through Initial Public Offering (IPO) shortly. According to a report by the Financial Times, Goldman Sachs’ Chief Executive Officer (CEO), David Solomon, met with FTX Founder Sam Bankman-Fried back in March as both discussed … Continue reading Goldman Sachs Lobbying FTX Exchange for an IPO Move

Chia Network Joins Crypto Lobbying Group Blockchain Association

Chia Network Inc. announced that it has become a member of a Blockchain Association, an industry leader championing the collaboration and innovation necessary to support U.S. leadership in the crypto industry. The association is a member-led organization committed to enhancing the public policy environment for digital assets. With more than 70 members, Blockchain Association combines … Continue reading Chia Network Joins Crypto Lobbying Group Blockchain Association

FTX's Fall Might Hurt CEO's Crypto Regulation Lobby

The mid-term election in the US is playing a role in influencing and reshaping the regulatory landscape of the crypto industry amid the turmoil brought about by the collapse of the crypto exchange FTX. With a clearer outcome for the result of the midterm election in the U.S., some analysts predict Republicans could reseize the … Continue reading FTX's Fall Might Hurt CEO's Crypto Regulation Lobby

As Criticism Of Binance grows, It Joins Lobbying Organization

Binance has joined the Chamber of Digital Commerce, which is a lobbying organization for the cryptocurrency market in the United States, according to a press release that was issued by the exchange on December 20.After receiving feedback that it was allegedly functioning in an unregulated manner, Binance ultimately decided to make this choice.Following the demise … Continue reading As Criticism Of Binance grows, It Joins Lobbying Organization

Exit mobile version