Galaxy Digital will pay 200 million USD due to undisclosed financial interests in LUNA promotions. The New York Attorney General stated that this lack of clarity misled investors, which is a violation of state laws.
As part of the settlement, Galaxy Digital must pay 40 million USD within 15 days, followed by an additional 40 million USD within one year, 60 million USD within two years, and the final payment due within three years.
Senator Cynthia Lummis promotes the BITCOIN Act to create a national Bitcoin reserve, citing rising U.S. Debt levels and the need for action to secure financial leadership amidst warnings from Blackrock’s CEO about potential risks to the dollar.
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