Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-takes-action-against-crypto-firm-tradestation/" data-wpel-link="internal">SEC Takes Action Against Crypto Firm TradeStation</a><br></p>
<p style="text-align: justify">The crypto industry faced a storm of legal challenges in 2023 as the SEC opened lawsuits against numerous companies and accused altcoins of being securities. The case against XRP Coin has been ongoing for years. Last year, the agency initiated over 100 investigations and is pushing hard to reach a similar number this year. It has now taken action against another US-based company.</p> 
<h2 style="text-align: justify" id="sec-crypto-case">SEC Crypto Case</h2> 
<p style="text-align: justify">The Securities and Exchange Commission today announced a statement about Florida-based <strong>TradeStation <a href="https://en.coin-turk.com/cryptocurrency-surge-benefits-investors-ignites-interest-in-decentralized-exchanges/" data-wpel-link="internal">Crypto</a></strong>. According to the recent share, this platform was promising interest income in exchange for crypto <strong>staking</strong> and did not register with the SEC to serve US customers. As with other crypto companies, an investigation was launched for providing unregistered services. TradeStation agreed to pay a $1.5 million fine, ensuring the process will not be prolonged.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-312288 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Trade-Station-SEC-dAVA.png" alt="" width="876" height="451"></p> 
<p style="text-align: justify">According to the SEC’s decision, as of June 30, 2022, TradeStation voluntarily ceased offering and selling the interest feature to investors. Earlier this year, TradeStation announced its plan to terminate all crypto-related products and services in the US market by February 22, 2024.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-takes-action-against-crypto-firm-tradestation/" data-wpel-link="internal">SEC Takes Action Against Crypto Firm TradeStation</a></h5>

SEC Takes Action Against Crypto Firm TradeStation

Table of Contents

COINTURK NEWS

Other articles published on Feb 7, 2024

Retail Traders are Bullish on US Stocks, Economy: Schwab Survey

How Do AI-Generated IDs Challenge Traditional Authentication Methods?

Helix Breaks Ground with On-Chain Japanese Yen Market Introduction

Monero Price Prediction: Binance Delisting Announcement Causes XMR To Plunge 29% As This Green AI...

South Korean Bitcoin Exchange Upbit Announced That It Will List This Altcoin! Price Reacted Immed...

Bitcoin sees sharp drop in direct ownership – ETF effect?

Join our free newsletter for daily crypto updates!