Coinbase, Consensys, and Paradigm have called on the U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, citing resource and specificity issues. The proposed rule by FinCEN on mixing services has been criticized by the Blockchain Association, stating that it could stigmatize legitimate crypto activity. Additionally, FINRA's review found that 70% of crypto communications to retail investors contained claims that are false, misleading, or violated its rules. The SEC's crypto-related enforcement actions have increased by 53% since 2022.
The SEC’s crypto-related enforcement actions are up 53% since 2022 https://t.co/ULgwqQBWPq
Nearly 70% of crypto communications violated FINRA's guidelines, a recent survey says https://t.co/f1v6xafMUr
A @FINRA review of firms’ #Crypto communications found that roughly 70% potentially violate a specific investor protection guideline 📃 A regulation that prohibits claims that are false, exaggerated, promissory, unwarranted, or misleading. The rule also forbids the omission of… https://t.co/YN1hN9inu6
ICYMI: FINRA says 70% of crypto communications it reviewed violated rules https://t.co/5TlESqBsaB
A FINRA review of 500+ crypto-related retail communications finds that 70% of them contained claims that are false, misleading, or otherwise violated its rules (@onceatraveler / Cointelegraph) https://t.co/bb2MykC8eC 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/S7kHRdn7MU
“Potential substantive violations” evident across 70% of crypto communications to retail investors: FINRA https://t.co/obE4CmoJBl
FINRA says 70% of crypto communications it reviewed violated rules https://t.co/eavHnrI59G
FinCEN’s proposed rule on mixing services could stigmatize legitimate crypto activity, Blockchain Association says https://t.co/QM8kOrJb50
ICYMI: Coinbase urges US Treasury to reconsider bulk data reporting in proposed crypto mixing rules https://t.co/9i7u9TAoZS
Coinbase, Consensys, and Paradigm Call on U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, highlighting resource and specificity Issues https://t.co/BoNrrJusSG