The move comes just two weeks after a U.S. federal judge ruled that BUSD does not comprise a security.

Behnam urged Congress to grant the agency more authority over digital assets.

The company admitted to failing to establish an adequate anti-money laundering (AML) program.

Schaback faces up to five years in prison and will face sentencing on Nov. 4.

The Republican policy platform takes aim at the Democrat Party for waging an “unAmerican” crypto crackdown in recent years.

The news followed a long-lasting dispute between the SEC and CFTC over when a cryptocurrency is a commodity or security.

Legal experts describe the ruling as a significant victory over the SEC for the web3 sector.

The lawsuit alleging Lido and Rocket Pool are violating securities laws comes less than two weeks after the SEC dropped its Ethereum investigation.

The pair were sentenced with securities fraud for manipulating the price of HYDRO with wash trades and spoof orders.

Matt Gaetz’s bill seeks to amend the Internal Revenue Code of 1986.