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US charges crypto executives for 1st time amid larger scrutiny

As the US goes after the unregulated cryptocurrency market, the Securities and Exchange Commission (SEC) has, for the first time, charged two crypto industry executives of illegally selling over $30 million of securities in unregistered offerings. The two executives from the Blockchain Credit Partners company used the Ethereum blockchain to sell cryptocurrencies to investors while misleading them about the company’s profitability. “The charges came as the Joe Biden government is working on new regulations for the decentralised finance and cryptocurrency markets. The bipartisan infrastructure bill has left cryptocurrency players fuming in the US. (IANS)

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