The Securities and Exchange Commission — forced by courts to permit Bitcoin ETFs — is abusing recent regulatory rules to discourage Bitcoin ETF investments.
Massachusetts Secretary William Galvin brought the enforcement action in December 2020, claiming that Robinhood marketed itself as “some sort of game that you might be able to win.”
In May 2023, a jury convicted Nathaniel Chastain of wire fraud and money laundering related to his knowledge of what NFTs would be featured on the OpenSea website.
The new rules cancel the previous limit of 300,000 baht ($8,500) for retail investors concerning investments in digital tokens backed by real estate or infrastructure.