sec.

Here’s the latest major enforcement action where the U.S. Securities and Exchange Commission (SEC) cracked down on a crypto fraud ring:
ICIJ
Bitget
Crypto giants moved billions linked to money launderers, drug traffickers and North Korean hackers
Spain Cracks Down on €460M Crypto Fraud Ring
November 25
July 25
📌 What the SEC Action Involves
Who was charged? The SEC filed a civil enforcement complaint against:
Three purported crypto asset trading platforms: Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc.
Four so-called “investment clubs”: AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and Zenith Asset Tech Foundation. �
SEC
What did they do? According to the SEC’s complaint:
The fraud ring targeted U.S. retail investors using social media ads and WhatsApp group chats to lure people into fake crypto investment communities.
Operators posed as “financial professionals,” deployed AI-generated tips and deepfake videos, and guided investors toward bogus trading platforms that claimed government licensing.
Victims were steered to deposit funds into these platforms (Morocoin, Berge, Cirkor), which never facilitated real trading.
In total, investors were defrauded of more than $14 million, with funds routed overseas through bank accounts and crypto wallets. �
SEC +1
How the scam worked (details):
Scammers used investment club WhatsApp groups to build trust and create the illusion of profitable activity.
Once enough money was deposited, victims trying to withdraw their funds were told to pay extra “taxes” or “verification fees” — a classic “pig butchering” confidence scheme.
Funds were misappropriated rather than invested. �
SEC +1
Legal claims and SEC goals
The SEC charged the defendants with violating anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
The agency is seeking permanent injunctions, civil penalties, and disgorgement with interest against the accused.
As part of broader investor protection efforts, the SEC also issued warnings about social-media-to-messaging-app scams. �
SEC
📊 Broader Context
This crackdown is part of an ongoing trend in 2025 where regulators globally have been cracking down on crypto-related fraud and illicit activity:
Spain recently dismantled a €460 million crypto fraud ring with more than 5,000 victims. �
Bitget
Major investigations continue to reveal how crypto platforms are used for money laundering and criminal transactions. �
ICIJ
If you’d like, I can also provide tips on how to spot and avoid crypto scams like this one.
#SEC. #CryptoFraud #CryptoScam #InvestorAlert #FinancialCrime

Many people are asking about XRP: "Is it possible to jump to $10 or $20 soon?" Look, my friend, it's not impossible, but not tomorrow morning. The price is currently around $2, and the highest it reached before was $3.84 in 2018. To reach $10, we need a market cap of around $500 billion, and for $20, that would be a full trillion! And that only happens if the Ripple network is officially adopted by banks and institutions as a primary bridge for global transfers. Realistic analyses suggest that the maximum in 2025–2026 could be between $2–$5, and with very optimistic scenarios in 2030, we might see it between $15–$25. So there's hope, but it needs time and patience.

According to the decentralized prediction platform Polymarket, the probability that the U.S. Securities and Exchange Commission (#SEC. ) will approve the ETF based on #solana jumped to 83% by June 1. This is a significant upside compared to the April sentiments when faith in such an outcome literally dropped below 70%. However, in May the market picked up momentum and confidence noticeably strengthened.

Understand the policy in three sentences.
The SEC has extended the compliance deadline for broker-dealers to calculate customer reserves daily from the end of 2025 to June 2026.

Only securities-type tokens, such as certain stablecoins and DeFi governance tokens, are restricted; mainstream assets like BTC/ETH are unaffected.
Essentially provides broker-dealers with a six-month buffer period to upgrade their systems, but the direction of enhanced regulation remains unchanged.

Four major impacts on the cryptocurrency sector.
Object opportunity risk points for broker-dealer/exchange compliance platforms can seize market share of security tokens. Daily reserve calculation system transformation costs surge, transparency of custody for security tokens improves, enhancing investor confidence, possibly leading to higher custody fees. Non-security assets like BTC/ETH receive clear regulatory exemptions. Exchanges may accelerate the divestment of security token businesses. The demand for auditing tools from technology service providers, such as Merkle tree proof, has skyrocketed.

The truth behind the SEC's 'surrender': Banks swallowed a $250 billion cake.

SEC Chairman Gary Gensler suddenly reversed his stance: 'Stablecoins are under bank regulation!' This means the traditional banking system is officially taking over the crypto dollar market. There are three core changes:
JPMorgan, Citibank, and other banks are authorized to issue their own stablecoins.
USDT and USDC are forced to choose one: Under new regulations requiring payout in dollars within 48 hours, either apply for a banking license or withdraw from the U.S.
Algorithmic stablecoins directly labeled as fraud.
Three deadly strikes from the new bill
The public players are in a noose.
Issuance thresholds raised to bank-level: Requires both Federal Reserve and Treasury licenses, with reserves mandatorily locked in U.S. government bonds (prohibiting the purchase of Bitcoin/corporate bonds). USDT transferred registration to Singapore overnight, with Tron chain's daily trading volume surging nearly 300%.