Today in crypto, Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based arm — 1.1 million euros ($1.2 million) after detecting multiple Anti-Money Laundering (AML) failures on the platform in 2023, the Genius Group says it’s being forced to downsize its Bitcoin treasury by order of a US court, and President Donald Trump’s pick for US Securities and Exchange Commission (SEC) chair passed a key committee vote.
Source: Roger James HamiltonA New York District court issued the preliminary injunction (PI) and temporary restraining order (TRO) on March 13 in connection with a broader dispute surrounding its merger with Fatbrain AI, the Genius Group said in an April 3 statement.“Genius is taking all necessary measures to minimize Bitcoin sales but anticipates that it will need to downsize its Bitcoin Treasury in the coming months in the event the PI remains in place,” the firm said.
Paul Atkins’ SEC nomination passes committee votePaul Atkins is one step closer to securing the top position at the US Securities and Exchange Commission after the Senate Banking Committee voted to advance his nomination. In an April 3 banking committee session, lawmakers voted 13 to 11 for Atkins to serve two consecutive terms as a commissioner at the government agency, effectively taking over former Chair Gary Gensler’s term.
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Author / Journalist: Cointelegraph by Cointelegraph
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