The judge was washing a fraud suit against Richard Heart, the US Bill ridiculed Crypto ATM Fraud: Decoded Law

A district court judge has removed the U.S. Securities and Exchange Commission (SEC) lawsuit stating that hex founder Richard Heart raised more than $ 1 billion by unregistered crypto offerings and investors investing more than $ 12 million. The heart, whose real name is Richard Schueler, is also accused of spending money on expensive items.
Judge Carol Bagley Amon said the case could not decide because the SEC failed to establish that the US had jurisdiction over Heart’s crypto activities. The judge said the activities were universal and that the US -based investors were not particularly targeting.
The US senator introduced Bill to stop fraud at Crypto ATM
Senator Senator Dick Durbin suggested the law targeting the Crypto ATM engine fraud in the US. The senator said there was a stressful trend of crypto ATM fraud on 30,000 machines in the US. As a result, he introduced the Crypto ATM Fraud Prevention Act to put guards against fraud targeting senior citizens.
Durbin said the bill would require operators to warn consumers about scams and take “reasonable steps” to avoid fraud dedicated through their machines. The bill will also put steps in the area to limit the amount to lose consumers when they fall victim to such scams.
OKX is asking for a fault, paying $ 505 million to improve DOJ charges
Cryptocurrency Exchange OKX operator Aux Cayes Fintech has sought the fault of running an unlicensed currency that releases a business in violation of anti-money laundering laws. The entity has come up to pay more than $ 500 million in fine to resolve this matter.
The company has arranged charges by paying $ 84 million to penalties and forgiven $ 421 million on fees obtained from institutional clients. OKX said the company acknowledged that some US customers were exchanged with the company’s global platform amidst the legacy compliance gaps.
UPBIT operator Dunamu filed a lawsuit to overthrow business penalties
Upbit operator Dunamu filed a suit against the South Korea’s Financial Intelligence Unit (FIU), a division of the country’s Commission Services Commission (FSC), a challenging punishment it imposed. Dunamo said he submitted a lawsuit in February. 27, seeking to overthrow a slight order of suspension from FIU. In addition, the company has applied for an injunction to stop implementing FIU penalties.
The suit is the company’s response to the FIU’s punishment with a three -month prohibition on the delivery of new clients. This prevents the exchange from processing external transactions for new users. However, existing customers remain unaffected.
US lawmakers are moving forward in resolving to eliminate crypto tax rule
US lawmakers have advanced to a resolution to eliminate the “Defi Broker Rule,” which requires brokers to report crypto transactions to the Internal Revenue Service. The regulation, approved on December 5, expands reporting requirements to include decentralized exchanges and mandates that brokers reveal revenues from crypto sales. This includes information on taxpayers involved in transactions.
Defi Education Fund CEO CEO Miller Whitehouse-Levine said the rule is an unconstitutional overreach and needs to be dropped. He urged those who wanted to promote the US as a “hub for modern financial” to act quickly and overthrow the “wrong rule.”