A crypto company has been hit with a $500,000 penalty by a California regulator, according to reports from White & Case LLP. The development highlights the increasing regulatory scrutiny of crypto companies and the potential for significant financial penalties for non-compliance. The specific details surrounding the penalty were not disclosed in the provided source.

A crypto company has been hit with a $500,000 penalty by a California regulator, according to reports from White & Case LLP. The development highlights the increasing regulatory scrutiny of crypto companies and the potential for significant financial penalties for non-compliance. The specific details surrounding the penalty were not disclosed in the provided source.