US Senator offered to tighten criminal liability for crypto companies – Bits Media

The Representative of the Senate from the state of New York intends to enable the US prosecutor's office to pursue cryptocurrency companies for intentional infliction of losses to its users.

Senator Kevin Thomas (Kevin Thomas) submitted an amendment, setting punishment for offenses of cryptocurrency platform operators, unlawfully using closed keys and having hidden interests in crypto projects. Bill, developed by Senator Thomas, calls for the punishment of developers and project owners, who have the intention of misleading investors.

If the bill is adopted, The US prosecutor will receive a legal basis for the fight against cryptocurrency crimes and fraud, prosperous among crypto companies, The author of the document says. Thomas demands to fine developers and owners of sites, which implement "more 10% Project cryptocurrencies for five years from the date of the last sale ".

According to the bill, Closed keys includes disclosure or unlawful use of closed keys of another person without prior consent. One of the goals of the project is to provide the opportunity to consider a crime a public concealment of the interest of a crypto company in certain cryptocurrencies.

Currently, the bill is under consideration by the relevant committee. With a positive decision, the project will be submitted to the US Congress vote.

The state of New York is very tough to crypto industry and mining. In April, the Senate of New York changed the law, Giving the Department of Financial Services state (NYDFS) The right to collect money for an audit of crypto companies from the crypto companies themselves.