{"id":136737,"date":"2024-09-04T17:00:00","date_gmt":"2024-09-04T14:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136737"},"modified":"2024-09-04T12:21:05","modified_gmt":"2024-09-04T09:21:05","slug":"sec-settles-with-cryptocurrency-firm-over-custody-rules","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-settles-with-cryptocurrency-firm-over-custody-rules\/","title":{"rendered":"SEC Settles with Cryptocurrency Firm Over Custody Rules"},"content":{"rendered":"
The settlement<\/a><\/strong> addresses allegations that Galois Capital violated custody regulations by using Fireblocks, which the SEC considers an inadequate custodian, and for having a potentially deceptive redemption policy.<\/p>\n As part of the agreement, Galois Capital will pay a $255,000 fine but will not admit to or deny the SEC’s claims. The company expressed<\/a><\/strong> its satisfaction with resolving the matter and moving forward.<\/p>\n Bill Hughes, an attorney at ConsenSys, pointed out on social media that the penalty is relatively minor compared to the costs of a full SEC investigation.<\/p>\n