Topic Archive

#California DFPI

3 Stories Found

Coins•Nov 8, 2026

California Orders $4.8 Million Payout to Victims of Bitcoin ATM Scams

Key Highlights: California regulators cited Coinflip for multiple kiosk violations, including exceeding daily transaction limits and failing to provide required consumer disclosures. Older adults and scam victims face disproportionate risks from crypto kiosks, which fraudsters frequently exploit through tech support, business, and government impersonation schemes. State authorities across the nation, including Arizona, Alabama, and Ohio, ...

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Coins•Oct 25, 2026

California Opposes Proposed SEC Rule Exempting $75 Million Crypto Offerings

Key Highlights: The California Department of Financial Protection and Innovation (DFPI) formally urged the SEC to withdraw Rule 500 from its proposed Regulation Crypto Assets framework. State regulators warn that preempting state-level registration and qualification strips away essential pre-sale screening that protects everyday retail investors from high-risk token offerings. The pushback targets an SEC initiative ...

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Coins•Oct 25, 2026

California Opposes SEC Crypto Proposal, Citing Investor Protection Risks

Key Highlights: The SEC has proposed crypto offering exemptions permitting startups to raise up to $5 million over four years and up to $75 million annually under a dedicated fundraising route. State regulators, notably California’s DFPI, raise concerns over losing preventive registration screening tools amid a 30% surge in tracked crypto-related scams. Major industry stakeholders ...

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