ASIC Targets Crypto Derivatives Loophole After A$458M Losses
The proposal would extend leverage, margin and negative-balance protections to qualifying digitally settled contracts while keeping existing safeguards in force until 2037.
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The proposal would extend leverage, margin and negative-balance protections to qualifying digitally settled contracts while keeping existing safeguards in force until 2037.
The settlement adds a state-level industry ban to Mashinsky’s 12-year prison sentence, while Celsius creditors have received more than $3.4B through bankruptcy proceedings.
The action adds a permanent industry ban to existing federal and regulatory penalties, while Celsius creditors have already received more than $3.4 billion through bankruptcy proceedings.
The effort puts fraud prevention at the center of US crypto oversight, a step that could strengthen investor confidence as the sector seeks clearer rules.
The alleged gap between promised weekly returns and actual trading underscores how claims of AI-driven profits can obscure basic questions about where investor money goes.
The dispute puts federal preemption and state investor-protection authority at the center of the Senate’s crypto debate.
Yepbit has no Australian Financial Services Licence and is not registered on AUSTRAC's VASP register, yet it told trapped investors that ASIC itself had frozen their money.
The scale of the allegation puts investor protection and compliance risk at the center of the market impact, while the claims remain unproven in court.
The policy fight centers on investor protection and who writes the guardrails, not simply whether the crypto sector gets a legal framework.
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