SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine

UAE-based crypto market maker CLS Global faced SEC enforcement action after regulators determined that 98% of its trading volume consisted of wash trades designed to create artificial market activity. The regulatory investigation concluded with CLS Global agreeing to a $425K penalty and market exclusion without admitting or denying the allegations.
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SEC Sets Third Crypto Roundtable Date For April 25

Key Takeaways: The SEC will host its third crypto-focused roundtable of 2025, titled “Know Your Custodian: Key Considerations for Crypto Custody,” on April 25 at its Washington D.C. headquarters, with a focus on the complexities of cryptocurrency custody. Panelists include top legal and strategy executives from leading crypto firms like Fireblocks, Fidelity Digital Assets, Etana […]
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