{"id":30152,"date":"2020-10-15T16:41:38","date_gmt":"2020-10-15T13:41:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30152"},"modified":"2025-08-27T20:49:26","modified_gmt":"2025-08-27T17:49:26","slug":"sec-commissioner-hester-peirce-bitmex-case-signals-the-entire-bitcoin-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-commissioner-hester-peirce-bitmex-case-signals-the-entire-bitcoin-industry\/","title":{"rendered":"SEC Commissioner Hester Peirce: BitMEX case signals the entire bitcoin industry"},"content":{"rendered":"

The charges against the crypto-derivatives exchange BitMEX are a signal from U.S. authorities to the entire industry. This view was stated<\/a> by SEC Commissioner Hester Peirce in a conversation with Unchained’s Laura Shin.<\/p>\n

<\/p>\n

According to her, regulators wanted to show they were watching the space closely. They sent a ‘loud and clear message’ about the need to comply with user identification and anti-money-laundering requirements, Peirce said.<\/p>\n

The commissioner doubted regulators would stop at BitMEX. She urged not to count on their loyalty, as even traditional financial firms face problems.<\/p>\n

filed suit<\/a> against BitMEX and its owners, accusing them of operating an unregistered trading platform and violating CFTC rules regarding KYC\/AML procedures.<\/p>\n

In addition, the U.S. Department of Justice charged the exchange’s executives with violations of the U.S. Bank Secrecy Act.<\/p>\n

The police arrested the chief technology officer Reid that same day. On October 9, he was released<\/a> on bail of $5 million.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The charges against the crypto-derivatives exchange BitMEX are a signal from U.S. authorities to the entire industry. This view was expressed by SEC Commissioner Hester Peirce in an interview with Unchained’s Laura Shin.<\/p>\n","protected":false},"author":1,"featured_media":30153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1311,36,128],"class_list":["post-30152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-hester-peirce","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30152"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30152\/revisions"}],"predecessor-version":[{"id":30154,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30152\/revisions\/30154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30153"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}