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The regulator's probe is focused on the issue of sports being considered gaming, said New York-based crypto lawyer Aaron Brogan.

The move came after U.S. President Donald Trump's new 10% tariffs on China came into effect.

Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.

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ING Economics estimated that the proposed tariffs, if enacted, would raise annual spending costs for consumers by $835 per American.

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The moves were driven largely by the expectation that tariffs and a possible full-blown trade war would stoke inflation.