CRYPTO POLICY

The CEO previously said that Judge Torres might make a summary judgment decision before the end of Q3 2023 since the case has been fully briefed and the judge had all the pertinent details to come up with a verdict.

Industry watchers speculated that Hong Kong could be China's testing ground for reopening its doors to digital assets and the recent segment in CCTV is a positive indication of China's potential renewed interest in cryptocurrency.

The special report in question disclosed that "Binance mixed $20 million from a corporate account with $15 million from an account that received customer money," based on a February 10, 2021, bank record.

Hotbit users have until June 20 to withdraw their assets from the cryptocurrency exchange platform.

Gemini, in a most recent update, expressed its willingness to work with Genesis in its restructuring plan without the participation of the crypto lender's parent company DCG.

The Malaysian Securities Commission has informed its investors that Huobi Global has been operating in the country despite it not being registered with the regulatory body since last year.

A known Amicus Curiae in the ongoing Ripple lawsuit highlighted a footnote and reply briefs submitted in the court by the SEC, one of which clearly highlights that XRP failed the Howey Analysis.

"I'm sure everybody wishes that something better had happened," U.S. Bankruptcy Judge Michael Wiles said, adding, "We are where we are, we're trying to do the best with where we are."

A federal judge said SEC can't seal the documents tied to former director William Hinman's speech.

After repeated calls for Congress to intervene, the U.S. House Committee on Financial Services recently burned the SEC chair and the entire agency for failing to provide responses to inquiries from crypto entities.

The exchange said it had high hopes for the Canadian blockchain industry and promised it will "someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets."

"I will not hide, I agree to security measures, I will show up when requested," Kwon, looking grim told the Montenegrin court in English during his first hearing.

Executives at Binance.US may have been exploring strategies to offload CZ's stake in the company over worry that the exchange might not be able to obtain regulatory licenses as long as Zhao is the crypto exchange's majority owner.

The memo was circulated among Democrat committee members prior to the joint meeting between several U.S. House Committees, including House Financial Services Committee and House Agriculture Committee.

Sam Bankman-Fried's lawyers argued that six charges filed against him are "too vague" and have "legal flaws."

Hong Kong has had very tight cryptocurrency regulations over the past few years, but these have reportedly been reduced to a much lower, "reasonable and sustainable level.

The U.S. SEC filed charges against Bittrex and its former CEO Bill Shihara on April 17.

"With the SEC, we... will have spent $200 million defending ourselves against a lawsuit, which from its very beginning... doesn't make a lot of sense," Ripple's CEO said.

Brian Armstrong said "Coinbase is not going to relocate overseas," assuring its US-based customers the exchange will always have a presence in the nation.

"This time, they've raised questions about our compliance policies for preventing and tackling cryptocurrency-based financing of terrorism," Binance added.

Both Voyager Digital and the creditor committee are still finalizing the liquidation procedures and plan to submit relevant filings on Friday, May 5.

The SEC has failed to codify into regulation its position on whether crypto assets are securities or not, a major issue that has become a huge trouble for crypto businesses operating in the U.S.

While crypto businesses in the U.S. groan for the country's lack of clear regulations for the industry, the proposed 30% tax on crypto mining could drive miners away to places with much higher carbon intensity.

Coinbase dismissed the lawsuit and called it a "meritless" claim.

Described as "a symbol of unity for the crypto community seeking sensible crypto policy," the "Stand With Crypto" NFT campaign intends to push the U.S. Securities and Exchange Commission to provide the emerging sector with "sensible cryptocurrency policy."

The case involves Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited.

The country is trying to update its law "in light of lessons learned during the so-called 'crypto winter' of 2022."

While Hong Kong's ambition of becoming the world's crypto hub is now backed by clear regulatory guidelines, the subject is a sore point among crypto exchange platforms operating in the United States.

Binance.US's move is a major burden for the now-bankrupt crypto brokerage firm, which has been looking for ways to raise funds to repay its creditors.