The U.S. SEC has charged Impact Theory, LLC, an LA-based media and entertainment company, for " conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs)." The company raised approximately $30 million from a diverse group of investors, including U.S. residents, between October and December 2021.
Indian Prime Minister Narendra Modi has used the platform of the annual G20 summit to advocate for international cooperation in formulating cryptocurrency regulations. As the current president of the G20, which consists of 19 countries and the European Union, India has taken the lead in pushing for a comprehensive global framework for governing digital assets.
Shibarium, Shiba Inu's Layer 2 blockchain, has resumed withdrawals on its bridge to Ethereum after a temporary suspension due to scalability issues. The mainnet had initially launched on August 16 but was paused due to an overwhelming number of transactions, locking millions in user funds and causing community concern.
Top stories in the Crypto Roundup today:
- SEC Brings First-Ever NFT-related Enforcement Action Against LA-Based Firm
- Indian Prime Minister Advocates for Global Crypto Framework at G20 Summit
- Shibarium Reopens Bridge Withdrawals, Easing Community Concerns