The UK financial watchdog has filed a lawsuit against the crypto exchange linked to Justin Sun, a Chinese-born billionaire who has invested millions of dollars in US President Donald Trump’s digital asset ventures.
The Financial Conduct Authority said that it had filed the lawsuit against HTX in the High Court this week “for unlawfully promoting cryptoasset services to UK consumers in breach of the UK’s financial promotions regime”. It is the first time the UK regulator has taken such action against a crypto company.
“This action is part of our commitment to protect consumers and uphold the integrity of UK financial markets,” the FCA said, without providing more details of its lawsuit.
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