A Regulatory Consent Order is a legally binding agreement between a regulatory agency and an entity that has allegedly violated regulations. This order typically outlines specific actions the entity must take to rectify the violations and prevent future occurrences. It often includes penalties, restitution, and ongoing monitoring requirements. Entering such an agreement allows entities to avoid prolonged litigation.
Context
Regulatory Consent Orders are frequently reported in crypto news when authorities address non-compliance issues with digital asset firms, often related to unregistered securities, money laundering, or consumer fraud. These orders provide insight into the regulatory priorities and enforcement strategies of government agencies. Their terms significantly impact the operational practices of the involved companies.
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