SECInvestigation

📉 Linqto files for bankruptcy, 4.7 million Ripple shares 'stuck' amid the crisis
Linqto – a private investment platform that allows purchasing company shares before an IPO – has just filed for Chapter 11 bankruptcy in Texas. Notably, they currently hold 4.7 million Ripple shares (estimated at ~450 million USD), but Ripple quickly responded: “We have never done business with Linqto”.

The collapse is not just about money – but also a crisis of trust. According to records, Linqto is under investigation for allegedly selling shares to unqualified investors, and worse, many users may not actually own what they thought they purchased. The former CEO is also accused of “selling unripe crops” at prices 60% higher than the original price – violating U.S. securities laws.

👉 The SEC has officially intervened, and the Linqto platform has been shut down since March, with revenue halted. The first hearing took place on July 9.
Ripple also stated that they “cut ties” with Linqto at the end of 2024.

⚠️ Lesson learned: When investing in private assets, especially through intermediary platforms, be very cautious about actual ownership rights and transparency.
#Linqto
#Ripple
#CryptoScandal
#SECInvestigation
#private

Crypto Regulation to Shift as Gensler Departs SEC

Gensler highlighted the risks in the crypto space, including its dependence on market sentiment. With his exit, Paul Atkins is set to introduce a more relaxed approach to crypto regulation.
#SEC #SECInvestigation #BTC☀ $BTC

For $ADA hodlers out there I was once once, but because it became a real whale dumpster I don’t trust hodling it like long term, maybe play with it in scalping. Real score pumped during bull run of 2021 then dumping all the way even below $XRP without #SECInvestigation . $ADA you are such a loser.

Breaking: SEC Appoints Mark Uyeda as Acting Chairman – A New Era for Financial Regulation?

The U.S. Securities and Exchange Commission (SEC) has officially announced the appointment of Mark Uyeda as its Acting Chairman. Uyeda, a seasoned professional with prior experience as an SEC Commissioner, is widely recognized for his pragmatic and innovation-friendly stance on financial oversight. His leadership is expected to introduce a nuanced approach to regulatory policies.$SOL

With the SEC facing growing calls for transparency on cryptocurrency and blockchain regulations, Uyeda’s appointment could mark a pivotal moment for the industry. Market participants and innovators alike are eager to see whether his balanced regulatory outlook will pave the way for greater clarity and support for digital asset development.$SOL

As financial markets and the crypto community brace for potential policy shifts, Uyeda’s influence may redefine the agency’s role in shaping the future of financial innovation. The weeks ahead will be crucial in assessing how his leadership impacts both the regulatory landscape and investor confidence.$SOL

#SECInvestigation #SecurityAlert #SEC