SEC Enforcement

SEC enforceme

2026-07-09 04:32:15

SEC Charges $95.6M Bitcoin Mining Fraud: CEO Gambled $48.5M of Investor Funds

The SEC filed civil charges against Danh C. Vo, CEO of VBit Technologies, alleging a $95.6 million bitcoin mining investment fraud that misled 6,400 investors and misappropriated $48.5 million for gambling and personal gifts.

1790

Operation Cho

2026-07-02 18:00:14

House Republicans Confirm ‘Operation Choke Point 2.0’ Aimed at Crypto Firms, Report Exposes Systemic Debanking

House Financial Services Committee Republicans released a 50-page report detailing how Biden-era regulators, including the Fed, FDIC, OCC, and SEC, systematically debanked at least 30 crypto entities through informal guidance, pause letters, and selective enforcement. The report, now part of the Congressional record, reveals a pattern of public denial of bias while privately pressuring banks to sever ties with crypto firms, echoing the controversial 2010s Operation Choke Point. The full report is available on the committee’s website.

400