Today news
About the same in other media
How crypto businesses are reacting to SEC’s ‘subpoenas’
Reading now: 576
While the market has been gaining momentum, the United States Securities and Exchange Commission is lining up several cryptocurrency-associated businesses. In this latest update, the regulatory body issued another subpoena to a crypto mining company, Marathon Digital Holdings Inc. This resulted in its shares tumbling by 27%, as per reports.
The subpoena was in relation to a partnership between Marathon and a Montana data facility. The mining company revealed about the summons in its quarterly filing and noted that the regulators may investigate whether its partnership with Beowulf was in violation of securities law. Analysts at DA Davidson & Co., Chris Brendler noted it is “never a good news for the SEC following up.” He added,
“Worst case,
Read more on ambcrypto.comAbout this in other media
Crypto scams: How to spot, avoid and protect your money while investing in cryptocurrencies financialexpress.com /2 years ago
Cryptocurrency: Regulation Vs Ban? How Are Different Countries Treating This Industry? ndtv.com /2 years ago
How world’s major economies are dealing with spectre of inflation theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
