As crypto and blockchain development accelerates, US lawmakers are taking an increasing interest in understanding the technology. Recently, the Congress has begun to explore the topic in ernest, and the first crypto-related legislation has also been introduced. Although it is unlikely that major regulatory action will be taken this year, there is no doubt that…
The US Securities and Exchange Commission (SEC) has issued a cease-and-desist order, and levied a $200,000 fine against Crypto Asset Management (CAM), a cryptocurrency investment fund. It has also fined its principal manager, Timothy Enneking. The SEC charges that CAP has operated as an unlicensed investment company, and that it has fraudulently represented itself as…