Christiana Loureiro / The Block:
Report: several US states are investigating Genesis Global as part of an inquiry into interconnectedness of crypto firms, securities laws violations, and more — – States including Alabama are looking into crypto firms and whether they violated securities laws.
Tory Newmyer / Washington Post:
An interview with Alabama Securities Commission Director Joe Borg on why US state regulators protected investors from crypto fraud more quickly than the SEC — Joe Borg, Alabama’s chief financial watchdog, has emerged as a captain of a state-led push to protect investors from crypto fraud
Matt Robinson / Bloomberg:
Source: the SEC is investigating whether Yuga Labs, creators of Bored Ape Yacht Club NFTs, violated securities laws by selling its NFTs and ApeCoins — The US Securities and Exchange Commission is investigating Yuga Labs Inc., the creator of the popular Bored Ape Yacht Club collection of NFTs …
Christiana Loureiro / The Block:
IBM and Maersk’s blockchain-enabled supply chain offering TradeLens, launched in 2018, will shut down in Q1 2023; Maersk blames a lack of industry collaboration — – The companies made a viable platform but couldn’t get a global collaboration going. — Danish shipping company Maersk …
Jim Brunner / The Seattle Times:
A Washington court rules Meta repeatedly violated the state’s campaign finance transparency law for political ads and must pay penalties yet to be determined — Meta, Facebook’s parent company, repeatedly and intentionally violated Washington campaign-ad transparency law and must pay penalties yet …
Nelson Wang / CoinDesk:
Genesis’ crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected — The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
David Gutman / The Seattle Times:
Meta receives a ~$24.7M fine, the maximum possible, after a Washington judge found it had intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook’s parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington’s campaign finance laws.
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