David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, has said the regulator is set to keep on chasing down cryptocurrency exchanges and decentralized finance (DeFi) projects it sees as violating securities laws.
Japan’s largest investment bank, Nomura, with a portfolio of over $500 billion in assets under management, has marked another strategic move into the digital asset market. Through its subsidiary, Laser Digital Asset Management, Nomura has launched a Bitcoin Adoption Fund for institutional investors.
The managers of the collapsed cryptocurrency exchange FTX have sued the parents of the platform’s co-founder and former CEO Sam Bankman-Fried in a bid to “recover millions of dollars in fraudulently transferred and misappropriated funds.”
Top stories in the Crypto Roundup today:
- SEC Crypto Chief Warns More Charges Against Crypto Exchanges, DeFi Projects
- Nomura Launches Bitcoin Adoption Fund for Institutional Investors
- FTX Co-Founder’s Parents Sued for Fraud and Misappropriation of Funds