Federal Judge Orders $125M Civil Penalty Against Crypto Firm In SEC Enforcement

(August 8, 2024, 12:39 PM EDT) -- NEW YORK — A crypto asset firm will be required to pay more than $120 million as a civil penalty after a New York federal judge on Aug. 7 granted the Securities and Exchange Commission’s motion for entry of final judgment on the commission’s allegations that cryptocurrencies sold by the firm were effectively unregistered securities....