Company Directory - Jump Crypto
Company Details - Jump Crypto
Jump Crypto
WebsiteJump Crypto is a cryptocurrency investment firm that specializes in providing liquidity and engaging in venture capital investments within the blockchain ecosystem. The firm is known for its active participation in funding rounds for innovative projects in the crypto space, such as Gunzilla Games.
CCI Score
CCI Score: Jump Crypto
-37.87
0.02%
Latest Event
Jump Crypto Political Donation
Jump Crypto donated $15 million to a super PAC supporting pro-crypto candidates in the 2024 elections, contributing to a broader surge in corporate political spending that raises concerns about the influence of private money on democratic processes.
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TOADIE
Jump Crypto is currently rated as a Toadie.
Latest Events
- AUG222024
Jump Crypto donated $15 million to a super PAC supporting pro-crypto candidates in the 2024 elections, contributing to a broader surge in corporate political spending that raises concerns about the influence of private money on democratic processes.
-80
Political Contributions and Lobbying Efforts
April 1
The $15 million donation by Jump Crypto to a super PAC underscores a significant infusion of corporate money into the political arena. This move amplifies the influence of financial interests in elections and risks prioritizing industry-friendly policies over democratic accountability. Given the anti-fascist perspective that corporate influence can undermine grassroots political processes, this donation is rated negatively.
- JUN252024
Jump Crypto President Kanav Kariya resigned amid a CFTC investigation into the firm's trading and investment practices. The resignation comes on the heels of a series of significant challenges including a major hack, losses from the FTX collapse, and a notable $10 million donation to a pro-crypto political action committee, which together underscore concerns over corporate governance and political influence.
-10
Political Contributions and Lobbying Efforts
April 1
Jump Crypto’s multi‐million-dollar donation to a pro‐crypto PAC raises concerns about undue corporate influence on political processes, potentially prioritizing industry interests over democratic accountability.
+15
Executive Political Engagement
April 1
The resignation of President Kanav Kariya is interpreted as a measure of executive accountability in response to regulatory scrutiny, suggesting a potential corrective stance in leadership amidst political and regulatory pressures.
-10
Business Practices and Ethical Responsibility
April 1
The investigation by the CFTC into Jump Crypto’s trading and investment practices, compounded by previous issues like a major hack and significant financial setbacks, raises serious concerns over the firm's business practices and ethical responsibility.
- JUN202024
The US Commodity Futures Trading Commission (CFTC) has initiated a probe into Jump Crypto's trading and investment activities, raising concerns over the firm's adherence to ethical business practices amid broader regulatory scrutiny of the crypto industry.
-20
Business Practices and Ethical Responsibility
April 1
The initiation of a CFTC probe into Jump Crypto's trading and investment activities highlights potential issues in the firm's business practices and ethical responsibility. Although no misconduct has been confirmed, regulatory investigation in such a critical sector raises caution about transparency and responsible management of funds, which are essential for protecting consumers and marginalized communities in volatile markets.
CFTC reportedly probing Jump Crypto's trading, investment activities
- JUN202024
The Commodity Futures Trading Commission (CFTC) has launched an investigation into Jump Crypto's trading activities amid regulatory tightening in the crypto market, raising concerns over potential unethical trading practices following a history of financial setbacks and legal controversies.
-60
Business Practices and Ethical Responsibility
April 1
The CFTC's probe into Jump Crypto casts serious doubts on the firm's adherence to ethical business practices, particularly in trading. Given the firm's historic financial losses, involvement in controversial legal cases, and aggressive market strategies, this investigation signals potential for practices that undermine market fairness and investor protection.
Breaking: CFTC Launches Investigation into Jump Crypto's Trading Practices
- JUN192024
On June 19, 2024, Jump Crypto donated $10 million to a U.S. political action committee that supports pro-crypto candidates in congressional races, further boosting the PAC's total to $169 million. This donation represents a significant injection of corporate funds aimed at influencing legislative outcomes.
-70
Political Contributions and Lobbying Efforts
April 1
Jump Crypto's $10M donation to a super PAC that seeks to expedite pro-crypto congressional candidates underscores the firm’s use of corporate money to shape political outcomes. This largescale political contribution reinforces the influence of corporate interests in the legislative process, potentially undermining democratic accountability and contributing to a political environment favorable to oligarchic power.
Jump Crypto Adds $10M to Industry's U.S. Political War Chest, Raising PAC to $169M
- JUN072024
Jump Trading’s Tai Mo Shan Ltd., closely tied to Jump Crypto, paid a $123 million settlement to the SEC for deceptive trading practices. The firm made significant trades to uphold TerraUSD’s $1 peg during its collapse, misleading investors about the stablecoin’s viability. These actions contributed to a false sense of market stability amid Terraform Labs’ broader crisis.
-70
Business Practices and Ethical Responsibility
April 1
The settlement highlights unethical business practices by the firm, as its subsidiary deliberately engaged in trades to prop up a failing stablecoin, misleading investors and distorting market perceptions. Such deceptive behavior reflects poor ethical standards and a disregard for investor protection.
Jump Trading crypto subsidiary hit with $123m fine over TerraUSD scandal
- AUG012022
Jump Crypto was one of the investors in a $46M funding round for Gunzilla Games, supporting innovative blockchain-based gaming technology and contributing to a more decentralized digital economy.
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