The civil action brought by the United States Securities and Exchange Commission (SEC) against Jon Montroll, the operator of now-defunct Bitcoin platform BitFunder, is getting closer to termination, as indicated by the latest Status Report submitted by the defendants’ counsel at the New York Southern District Court earlier today. The report says that the parties have agreed on proposed settlement terms subject to the completion by Montroll of sworn financial statements and approval of the settlement by the Commission. The Commission’s staff intends to recommend that the Commission approve the settlement if it deems ... (full story)