The Securities and Exchange Commission (SEC) announced charges against a Canadian resident who allegedly created a fake identity to scam hundreds of investors out of millions of dollars with a bogus initial coin offering (ICO) scheme. The SEC complaint alleges violations to “antifraud and securities registration provisions of the federal securities laws.”

California Gov. Gavin Newsom is aiming to drastically change the state’s financial services oversight landscape, as some have expressed concerns the federal government has gotten too lax in its watchdog role.

Regulators' attempts to force cryptocurrency startups into compliance with the fundraising laws may not have been as effective as hoped. So reports The Wall Street Journal.

U.S. officials, including Sen. Mitt Romney, expressed serious homeland security concerns with respect to cryptocurrencies. So reports Bein Crypto.