PANews reported on March 15 that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has formally dismissed its civil enforcement lawsuitPANews reported on March 15 that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has formally dismissed its civil enforcement lawsuit
The U.S. Securities and Exchange Commission (SEC) has dropped a civil fraud lawsuit against the founder of BitClout.
For feedback or concerns regarding this content, please contact us at [email protected]
PANews reported on March 15 that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has formally dismissed its civil enforcement lawsuit against BitClout and DeSo founder Nader Al-Naji and six other defendants, and prohibits them from filing the same lawsuit again, based on a joint agreement filed in the U.S. District Court for the Southern District of New York.
The U.S. Securities and Exchange Commission (SEC) initially sued Al-Naji in July 2024, accusing him of raising over $257 million by selling the native token of BitClout, a blockchain-based social media platform, through unregistered means, promising investors that the funds would not be used to compensate him personally. The SEC alleges that he used over $7 million for personal expenses, including paying rent for his Beverly Hills mansion and giving cash gifts to family members. Al-Naji's wife, mother, and several related entities were also named as co-defendants.
Market Opportunity
Union Price(U)
$0.0008427
$0.0008427$0.0008427
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Can Bitcoin break $75K? Options market says yes, but ONLY IF…
The post Can Bitcoin break $75K? Options market says yes, but ONLY IF… appeared on BitcoinEthereumNews.com. Bitcoin [BTC] extended its weekly gains to 12% on Friday
Share
BitcoinEthereumNews2026/03/15 09:07
USDT Is Leaving Exchanges at a Record Rate: Here Is What That Means for the Market
Tether withdrawal transactions from centralised exchanges have surged to an all-time high of 54,000 daily transactions, while deposit transactions sit at just 11
Share
Ethnews2026/03/15 09:34