Delaying Tactic? SEC Asks Court For More Time Over Coinbase's Writ Of Mandamus
The SEC told the court in a Tuesday filing that Coinbase's writ of mandamus "should be denied" and revealed that despite the seven-day deadline, it "has not decided what action to take on Coinbase's rulemaking petition."
Ripple Chief Legal Officer Calls For Investigation Into Ex-SEC Commissioner Over Crucial Court Document
The Hinman documents, which contain internal communications within the SEC regarding a speech delivered by Hinman despite warnings from other divisions of the financial regulator, were unsealed Tuesday.
Binance.US Not Yet Out Of The Woods, Judge Orders Parties To Work Out Asset Freeze Compromise
A status update from both parties is expected to be filed in the court by Thursday.
Crypto Exchanges Might Be Forced To Register With The SEC, Investment Banking Giant Warns
JP Morgan strategists claimed that if the financial regulator wins the legal battle, it could trigger the delisting of tokens from exchanges and restrict the potential development of the blockchains behind the tokens.
Is China Easing Up On Crypto? Chinese Financial Institution Issues First Tokenized Security
BOCI's deputy CEO said that the move was inspired by the "evolution of Hong Kong's digital economy."
Has The US Crypto Exodus Started Already? Polygon 2.0 To Launch Offshore
Last week, the U.S. SEC classified MATIC, Polygon's native token, as a security.
US Lawmaker Proposes SEC Stabilization Act To Oust 'Tyrannical' Chairman Gary Gensler
"U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Davidson said in a tweet, announcing that he has filed the SEC Stabilization Act.
Regulatory Overdrive? SEC Requests 'Alternative Means' To Summon Binance And CEO Zhao
"Binance and Zhao are not the typical foreign entity and individual, as they are widely known for disagreeing with the premise of a headquarters or domicile, let alone identifying one, and Zhao is famously protective of revealing his whereabouts," the SEC said in the court filing.
Gensler's Alliance With Senator Warren Aims To 'Destroy Crypto' By 'Usurping Congress,' Alleges Musk's Ally
Last month, a report surfaced online claiming that committee members of the Democratic Party have received a memo ahead of the hearing for digital assets regulation allegedly reminding the lawmakers to support the SEC's position on crypto assets.
Over 50% BTC, ETH Reserves On US Exchanges Move Offshore Amid Crypto Shake-Up
Offshore crypto exchanges saw a significant increase in terms of trading volume, with the research revealing offshore trading platforms experiencing four times more than the exchanges in the U.S.
Long-Term Bitcoin Holders Unfazed By Crypto Bloodbath Due to Coinbase And Binance Lawsuits, Data Shows
While altcoins continue to wade in the puddle of red, Bitcoin showed dominance in the market, with long-term holders and market participants continuing their accumulation of the world's first-ever crypto asset and showing very little activity when it came to sending their stash to exchanges.
Shytoshi Kusama Unveils Material Containing Shiba Inu's Direction, Says Fudders Will Be 'Completely Rekt'
In a previous tweet, Kusama even joked with a Shiba Inu developer that they may have leaked the draft of a crucial Shiba Inu document to the popular Russian-Canadian programmer.
SHIB's Shytoshi Kusama Drops Bombshell For Shiba Inu Ecosystem, Teases An 'Early July' Release
There are a lot more initiatives that the team is currently working on, some of them have not been made public and are tightly kept under wraps.
Large Market Cap Crypto Assets Slowly Climb Back After Executives Slam SEC's Token Security Classification
The prices of the assets deemed as securities nosedived following the classification. ADA witnessed an 11% loss and was trading at $0.325; SOL was down 8% and was trading in the red zone at $19; and MATIC saw a 12% decline in its value at $0.784, according to the data from CoinMarketCap.
Will Coinbase Move Offshore? Hong Kong Legislator Invites Exchange To Region, Offers Assistance
When speculations about the exchange relocating offshore surfaced online, its founder and CEO Brian Armstrong dismissed the rumors, saying, "Coinbase is not going to relocate overseas."
Elon Musk Mentions DOGE In New Cryptic Tweet Amid Sharp Crypto Sell-Off; Dogecoin Price Surges
Musk's tweet is some sort of reassuring to holders of the meme coin, as the market is experiencing a sharp crypto sell-off because of the mounting regulatory pressure and enforcement by the U.S. SEC in the past week.
Do Kwon May Have Outsmarted Authorities When He Made A Slick Move Following Montenegro Arrest
In the past few months since the collapse of the so-called algorithmic stablecoin TerraUSD (UST) and token LUNA, several claims and pieces of evidence have hinted that Do Kwon knows exactly what to do when it comes to safeguarding his wealth.
USDOJ Charges Russians As Perpetrators Behind Mt.Gox Hack in 2011
The collapse of the business wiped clean investments from a lot of users, many of whom are still waiting on what remains on the company's estate to be redistributed.
Crypto.com To Terminate Newly Launched Crypto Service In The U.S.
Crypto.com launched the alpha of its institutional investor crypto service in the US in March 2022.
Robinhood Delists Crypto Assets, Tells Users To Withdraw Or Sell Their MATIC, SOL, ADA
The commission-free trading platform shared that it will end its support for Cardano, Polygon and Solana crypto assets at 6:59 p.m. ET on June 27.
Binance.US Announces Suspension Of Dollar Deposits To Protect Investors
Binance.US also announced delisting of USD trading pairs next week and the imminent pause of fiat withdrawals starting June 13.
Extradition Might Not Ease Do Kwon's Legal Woes, South Korean Prosecutor Warns
Aside from his legal battle in Montenegro over his alleged forged travel documents, the country's prime minister has also ordered the prosecution to investigate Kwon's ties with the leader of the Europe Now political party.
Binance Drops Huge Bombshell Exposing Gensler's Alleged Hypocrisy, Lawyers Seek SEC Chair's Case Recusal
"As we conveyed nearly four months ago, Mr. Gensler should have been recused from any consideration in this matter based on this history and the prospect that Mr. Gensler may be a material fact witness," Binance's lawyers told the SEC in a letter.
Content Creators, Influencers Days May Be Numbered As EU Targets Crypto Ads On YouTube, TikTok, IG
Consumer agencies can charge fines against violators of consumer law in principle, but the latest action by the BEUC underlines that it wants harsher penalties for subjects of the complaint.
Ex-Minnesota Vikings Owner Sentenced To Jail For Serving As Crypto Exchanges' Shadow Bank
Aside from his over six years of prison sentence, the 64 years old businessman from Arizona was ordered by the court to "pay a forfeiture of $740,249,140.52 and restitution in the amount of $53,189,261.80 to the AAF."
Binance CEO Downplays US District Court Summons, Says There's 'No Need To FUD'
Changpeng Zhao is no stranger to FUD or the crypto speak for fear, uncertainties and doubts, since Binance has become a magnet of a lot of controversies over the past years.
Do Kwon's Claims About Funding Political Party In Montenegro Spark Call For Investigation
While former Finance Minister Milojko Spajić confirmed he knew Kwon, he denied the crypto executive's claim and called him a "fraudster who defrauded millions of people."
Do Kwon's Glance At Freedom Not Yet Possible Despite Basic Court's Decision To Accept Bail Conditions
The court will also look into the authenticity of the identity cards and travel documents of the TFL executives since Kwon's lawyer claimed the CEO's Costa Rican passport was obtained legally.
US Court Breaks In Ongoing Exchange Crackdown, Schools SEC And Orders Response To Coinbase's Mandamus Petition
"We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions. That is why we petitioned the SEC for rulemaking nearly a year ago in the first place," Coinbase chief legal counsel Paul Grewal said.
Binance, Coinbase CEOs Collectively Lost $1.7 Billion Of Personal Wealth After SEC Crackdown
While the Binance and Coinbase CEOs lost part of their personal wealth in the wake of the SEC lawsuits, their collective losses account for only 14.3% of their collective gain in the early part of 2023.
