The SEC has closed its investigation into the Zcash Foundation, initially launched as part of a 2023 crypto asset probe, signaling no enforcement action and easing regulatory pressure on the privacy-focused project.
Tennessee regulators have issued cease-and-desist letters to Kalshi, Polymarket and Crypto.com, alleging unregistered or illegal crypto-related offerings and signaling mounting state scrutiny of digital asset platforms.
South Korean crypto exchange Korbit has been fined $1.9 million for breaching anti-money-laundering and customer verification rules, raising regulatory concerns over compliance standards in the country’s digital asset sector.
Federal judge declares EminiFX a Ponzi scheme, ordering $228M in restitution to victims and appointing a receiver. The ruling caps a yearslong probe and signals tougher enforcement of high-yield, crypto-style investments.
Wells Fargo’s stock saw a significant drop following the announcement of a new enforcement action by regulators. The firm faces scrutiny over compliance practices, raising concerns among investors about potential financial repercussions and reputational damage.