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The U.S. Securities and Exchange Commission (SEC) has paused its fraud lawsuit against Geosyn Mining following the filing of federal fraud charges against the company's CEO and two former executives. This development comes as the SEC's regulatory approach towards cryptocurrencies is shifting under the leadership of Acting Chair Mark Uyeda. Meanwhile, the SEC is also seeking a 28-day extension to respond to Coinbase’s appeal, as ongoing reviews of crypto regulations continue. Former SEC Chair Gary Gensler's crackdown on crypto firms, including Unicoin, is now in a state of uncertainty as a more business-friendly SEC emerges.
Breaking News: SEC Coinbase Case "Paused" (Just Like the SEC’s Binance Case). Expect the SEC to Similarly "Pause" the Ripple Appeal Soon. The Writing is Now on the Wall: SEC Crypto-Enforcement Has Officially Expired. On Friday, the U.S. Securities and Exchange Commission (SEC)… https://t.co/PCcwX4oBaH
GEOSYN MINING: WHEN “HOSTED MINING” GOES WRONG. Geosyn execs allegedly took millions from investors, promised mining rigs, then spent the cash on vacations, watches, and nightclubs. Classic case of “trust us” gone bad. Now, the SEC lawsuit is on hold while federal fraud… https://t.co/XuNVLSHt83
[FILING] US SEC Halts Fraud Lawsuit Against Geosyn Mining
