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US judge green lights Terraform’s $4.5bn SEC settlement

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

Gemini files for IPO

Gemini, the cryptocurrency platform founded by twins Cameron and Tyler Winklevoss, has filed for an initial public offering, seeking a valuation of up to $2.22 billion.

Visa launches stablecoin advisory practice

Visa has launched a stablecoins advisory practice to provide insights and recommendations to guide banks, fintechs, merchants, and businesses in Europe on market fit, strategy, and implementation.