While the court has already given its go-ahead to the Binance US-Voyager Digital deal, a lawyer said the DOJ is considering an appeal against the decision.
This is not the first time the crypto exchange platform had refused to compensate its customer.
Prior to the SEC's action against him, the Crypto Law founder encouraged the Ripple community to stick together, think out of the box and come up with strategies.
The crypto hedge fund co-founder was also accused by the SEC of spending nearly $400,000 on investor funds for himself, which includes a $35,000 payment for rent in a vacation house in Montauk, New York.
It looks like that Kraken is committed to continue practicing its business-as-usual approach despite the continuing crackdown of financial regulators on cryptocurrency businesses operating in the country.
Judge Michael Wiles was originally set to issue a decision on the restructuring last week, but gave the SEC until Tuesday morning to present a more convincing argument against Voyager Digital's restructuring plan.
A proposal reportedly sought federal Judge Lewis Kaplan's approval on restricting Sam Bankman-Fried's communication to "a flip phone or other non-smartphone with either no internet capabilities or internet capabilities disabled."
SEC chairman Gary Gensler previously said that the majority of crypto trading platforms should be considered national securities exchanges, thus the need for them to be registered as such.
Three U.S. Senators have asked giant cryptocurrency exchange Binance and its U.S.
Gary Gensler recently claimed that "everything other than Bitcoin," is under the agency's scope, and other crypto projects "are securities because there's a group in the middle and the public is anticipating profits based on that group."
This is not the first time Robinhood received a subpoena about its cryptocurrency operations.
Coinbase's announcement came on the heels of mounting regulatory pressure on Paxos, the issuer of BUSD.
The SEC chair likened crypto investors who hoped to profit from the efforts of intermediaries to stockholders in publicly-listed companies.
Despite the alleged asset sell-off, Voyager holds almost $530 million in crypto, with Ethereum holding the biggest share of around $276 million and Shiba Inu around $81 million.
Aside from his latest tweet, David Schwartz's latest cover photo on his Twitter account further fuels speculations about Ripple shutting its operations in the United States.
U.S. officials charged Bankman-Fried with bank fraud and operating an unlicensed money transmitter in addition to the eight counts of charges he is already facing.
"Users will be compensated for any loss incurred due to the force close of positions. Protecting users is #1 priority @Binance," Binance CEO Changpeng Zhao said in a tweet.
The FTC said that it is against Voyager Digital's third attempt at a bankruptcy restructuring plan since it would unlawfully remove accountability from the company.
The majority of the crypto sector is filled with talent, and to preserve this talent, laws need to be enforced better and in a more fair and organized manner.
Hong Kong's Securities and Futures Commission has revealed its plan to allow retail investors to trade large-cap crypto assets on licensed crypto exchange platforms in the country.
Do Kwon is said to have transferred over "10,000 BTC from Terraform Labs and Luna Foundation Guard crypto asset platform accounts" into a cold wallet or "unhosted wallet."
The Financial Stability Board (FSB) is set to roll out a new set of regulations for crypto and stablecoins in July 2023.
Hong Kong was once home to major cryptocurrency exchange platforms like Bitmex and the now-bankrupt crypto empire FTX.
After Kraken's settlement with the SEC, Jesse Powell seemed to have regretted his decision and later joked about it in a tweet
Kardashian, Pierce and boxing superstar Mayweather Jr. were among the top endorsers of EMAX who promoted the crypto between May and June 2021, and many think after Pierce, the boxing legend could be next.
Norway's first state prosecutor noted that the hackers' primary goal for stealing cryptocurrencies was to support North Korea and back its nuclear weapons program.
SEC chairman Gary Gensler, in his latest statement, underlined that Terraform Labs and Kwon "failed to provide the public with full, fair, and truthful disclosure," specifically for TerraUSD and LUNA.
Bankman-Fried is expected to respond to the subpoena with the required documents by Friday.
In January, Circle CEO forecasted that the year 2023 is the year when stablecoin issuers would be "normalized in almost every major market."
The court previously prohibited Bankman-Fried from using encrypted messaging apps to prevent him from communicating with former FTX employees.
