Jump Crypto’s Tai Mo Shan Settles SEC Charges for $123 Million
Jump Crypto’s subsidiary, Tai Mo Shan, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) by agreeing to pay $123 million. This settlement follows allegations of manipulative practices involving TerraUSD. The implications of this settlement reverberate through the cryptocurrency industry as regulatory bodies tighten their oversight and enforcement actions. It serves as a warning to other crypto-related companies to maintain compliance and transparency moving forward.
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