The momentum of encryption is unstoppable, the SEC has retired, to hell with it

According to reports from Wu, the U.S. District Court in Massachusetts has issued a final judgment against the UAE entity market maker CLS Global FZC LLC. The SEC accused the company of manipulating the NexFundAI market to induce investors to buy, creating a false appearance of trading. CLS Global has agreed to pay a civil fine of $425,000 and the recovery of $3,000 in illegal proceeds, and to cease business dealings with U.S. users or entities. They are required to submit compliance proof annually for the next three years.