According to a Reuters report, a federal judge in Washington, D.C., demanded that Binance, the world’s largest cryptocurrency exchange by trading volume, provide a robust defense for its motion to dismiss the case brought against it by the US Securities and Exchange Commission (SEC). Binance seeks the dismissal of the lawsuit, which alleges rule-breaking and […]
Binance Vs. SEC: Crypto Exchange Heads To Court Seeking Lawsuit Dismissal | Bitcoinist.com
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In a significant legal showdown, Binance, the world’s largest cryptocurrency exchange, is set to go head-to-head with the US Securities and Exchange Commission (SEC) in a Washington courtroom. The hearing, scheduled for Friday, marks the second high-profile legal battle this week involving the SEC and a top crypto exchange, following a similar case against Coinbase. […]
US Securities and Exchange Commission (SEC) lawyers have issued an apology to a judge for misrepresenting facts in a case involving a crypto firm. The SEC lawyers expressed deep regret and acknowledged their errors in securing a restraining order and asset freeze against Digital Licensing Inc., also known as DEBT Box. Regret And Corrective Actions […]
In a significant development, KuCoin, one of the leading cryptocurrency exchanges, has settled for $22 million and agreed to cease trading activities in New York to resolve a lawsuit brought against it by the state. New York Investors To Receive $16.7 Million In KuCoin Settlement According to a Bloomberg report, KuCoin will refund a total […]
In a notorious development that sent shockwaves through the cryptocurrency industry, Binance, the largest exchange in the world, and its former CEO Changpeng Zhao (CZ) settled with the US government. However, former SEC official John Reed Stark has expressed concerns about the agreement’s implications. Stark believes that the Binance plea agreement, the guilty plea by CZ […]
Ripple’s CEO Brad Garlinghouse didn’t hold back when he hit out at the former Securities and Exchange Commission (SEC) Chair Jay Clayton following the latter’s recent interview where he spoke on the current regulatory landscape and alluded to the SEC’s abuse of power. Why Ripple CEO Lashed Out At Clayton In response to an interview […]
In a win against the crypto industry, the US Securities and Exchange Commission (SEC) has obtained a default judgment against Thor Technologies and its founder David Chin. According to court documents, Thor Technologies and Chin were found guilty of conducting an unregistered offering of crypto asset securities amounting to $2.6 million. SEC Prevails In Unregistered […]
The legal battle between Coinbase and the Securities and Exchange Commission (SEC) took a significant turn as the SEC made a recommendation related to Coinbase’s rulemaking appeal, a crucial component of their mandamus action. Coinbase’s Chief Legal Officer, Paul Grewal, revealed that the SEC communicated with the Third Circuit regarding Coinbase’s rulemaking petition, shedding light […]
Crypto exchange Binance, its US arm Binance.US, and Binance CEO Changpeng “CZ” Zhao are fighting back against the US Securities and Exchange Commission (SEC) with a new court filing. Binance And Binance CEO File Joint Motion Against SEC On Thursday, September 21, 2023, Binance and Binance CEO Changpeng CZ Zhao filed a joint motion to […]