Pantera Capital founder Dan Morehead is under investigation by the US Senate Finance Committee for potentially exempting over $850 million in profits from US taxes after relocating to Puerto Rico. Morehead maintains he acted appropriately regarding his tax obligations.In Argentina, President Javier Milei faces fraud charges for promoting the crypto asset Libra, which saw a brief surge in value before plummeting over 94%, leading to accusations of a pump-and-dump scheme. Meanwhile, the SEC has requested an additional 28 days to respond to Coinbase’s appeal in an ongoing lawsuit, while its new crypto task force is engaging with industry representatives to discuss regulatory issues. SEC Commissioner Hester Peirce stated that memecoins like Official Trump fall outside the agency’s jurisdiction, as significant losses were reported by investors.
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0 posts last weekArgentine President Javier Milei Faces Fraud Charges Over Cryptocurrency Promotion
Argentine lawyers have filed fraud charges against President Javier Milei for promoting the cryptocurrency Libra, which saw a market cap surge to $4.56 billion before plummeting over 94%. Accusations include fraud and violations of the Public Ethics Law, with a class-action suit being prepared for affected investors. Milei has requested an investigation into potential misconduct among government members, claiming he was unaware of the project’s details when he endorsed it.
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