Galaxy Digital Faces $200 Million Settlement Over LUNA Promotion

The post Galaxy Digital Faces $200 Million Settlement Over LUNA Promotion appeared first on Coinpedia Fintech News

Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over its promotion of the #LUNA token. The company was accused of violating the Martin Act and Executive Law by not disclosing its interest in the asset when promoting it to the public. This settlement serves as a reminder for crypto firms to maintain transparency in their promotional activities and disclose any financial ties to the assets they endorse.