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Currencies

US charges two founders of sanctioned virtual currency mixer Tornado Cash with money laundering

Aug 23 (Reuters) - The United States on Wednesday indicted Roman Semenov and Roman Storm, two co-founders of the virtual currency mixer Tornado Cash, for their involvement with the banned outfit and related laundering of up to $1 billion in criminal proceeds.Storm, a naturalized U.S. citizen who lives in Washington state, was arrested on Wednesday, while Semenov - a Russian national - is yet to be taken into custody, the U.S. Attorney's Office in New York said in a statement.The criminal charges against both men, which include conspiracy to commit...
Funds

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe.The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens...
Funds

US steps up crackdown on crypto with lawsuits against Coinbase, Binance

NEW YORK, June 6 (Reuters) - The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.The U.S. Securities and Exchange Commission on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a "web of deception".If successful, the lawsuits could transform the crypto...
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