GariMan

SEC filed 784 lawsuits in 2023

The U.S. Securities and Exchange Commission (SEC) had “another very productive and productive year” for enforcement activity related to crypto-asset securities.

In fiscal year 2023, the agency recommended action against billions of dollars of cryptocurrency scams, unregistered crypto asset offerings, platforms and intermediaries, and illicit marketing.

The SEC report said that during the year, charges were filed in large crypto frauds, in particular against the company Terraform Labs and its founder Do Kwon; Richard Hurt and three companies he controls - Hex, PulseChain and PulseX; FTX CEO Sam Benkman-Fried.

The Commission also noted claims against companies that allegedly offered unregistered securities through crypto asset lending or staking programs, in particular Genesis and Gemini, Celsius, Kraken and Nexo.

Additionally, the SEC filed its first lawsuits against NFT issuers. The agency charged Impact Theory LLC and Stoner Cats 2 LLC with conducting unregistered placements of crypto-asset securities in the form of NFTs
#G-Team #GariMan

Have you ever wondered why Changpeng Zhao (CZ) only holds BNB and $BTC ?

$BNB offers constant rewards in launchpools, a deflationary mechanism, and regular quarterly buybacks of tokens.

But what about Toncoin?
The TON implements a burning mechanism: part of the transaction fees and the reduced funds from malfunctioning validators are burned, permanently removing them from circulation. However, unlike BNB, Toncoin does not provide constant rewards in launchpools and does not have regular quarterly buybacks of tokens. Thus, CZ's choice in favor of BNB and BTC may be due to the advantages offered by these tokens. #GariMan #G-Team

China is ready for a trade war with the USA: the country plans to impose tariffs on imports of agricultural and food products from the states

According to the Global Times newspaper, this step will be a response to Trump's tough tariff policy.

At the same time, Bloomberg reports that Europe, which will also face strict tariffs, will lose 1.5% of GDP. And this does not take into account possible retaliatory measures from the EU, which could only worsen the situation.
#G-TeamNews #GariMan