In the world of cryptocurrencies, a day without Gary Gensler’s criticism is incomplete. The head of the Securities and Exchange Commission (SEC), has become a figure of controversy. Gensler’s role in regulating the $1 trillion crypto sector has been challenging. Gensler Raises Concerns Over Fraud and Lack of Disclosure SEC Chair Gary Gensler has expressed...Read More
The U.S. Securities and Exchange Commission (SEC) is intensifying its legal action against cryptocurrency exchange Binance and its American counterpart, Binance.US. The SEC alleges violations of security laws and fraudulent activities by both entities. The regulatory authority has moved to challenge the dismissal motions filed by Binance and CEO Changpeng “CZ” Zhao and stands firm...Read More
Filing a brief for amicus curiae in the United States District Court, for the District of Columbia on 28th of September 2023, Circle Internet Financial LLC has now officially entered the lawsuit of Securities and Exchange Commission v. Binance Holdings Ltd. et al., as a ‘friend of the court’ to provide important information or advice...Read More
In a recent interview held by Bloomberg, SEC chairperson Gary Gensler was found to disrespect the decision of the Court by advocating his view of applying security laws to cryptocurrencies. Stuart Alderoty, the Chief Legal Officer of Ripple, condemned his statements in a tweet. Ripple has been fighting consistently to bring legislative clarity to cryptocurrency...Read More
Changpeng “CZ” Zhao, the CEO of Binance, has publicly spoken out against allegations made by the U.S. Securities and Exchange Commission (SEC). The regulatory body claimed that Binance.US, the American arm of the global cryptocurrency exchange, might have used a custody unit potentially linked to its parent company, thereby exposing clients to a foreign entity....Read More
The crypto market is preparing for a volatile week, filled with major events that have the potential to shift investor sentiment and alter price trends. From the Federal Reserve’s much-anticipated interest rate decision to the Federal Open Market Committee (FOMC) meeting and the hearing of the legal battle between Binance and the U.S. Securities and...Read More
Coinbase, one of the leading cryptocurrency exchanges, has leaped onto the blockchain innovation stage with ‘Base’ – the first decentralized blockchain mainnet launched by a publicly traded company. Coinbase-supported ‘Base’ network is now officially accessible to the public. Milestone For Coinbase Amid SEC Clash Coinbase’s ‘Base’ mainnet is now officially available to the public, boasting...Read More
In a dramatic turn of events, the U.S. Securities and Exchange Commission (SEC) recently admitted its inability to categorize syndicated loans as securities. The news came in a letter addressed to a court that has been eagerly awaiting the SEC’s opinion on this critical matter. The @SECGov is a broken institution and that’s not an...Read More
On June 6, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, accusing the popular cryptocurrency exchange of operating as an unregistered national securities exchange and broker. The SEC further claimed that at least 13 cryptocurrencies offered by Coinbase, including Solana and Cardano’s tokens, should be classified as “crypto asset securities.” Prior...Read More
