SEC chief Gary Gensler to face Congress grilling over crypto policy
The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States. Go to Source Powered by WPeMatico
CFTC
Auto Added by WPeMatico
Binance CEO CZ Responds to US Regulator’s Charges
Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), published a blog … Read more
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO … Read more
Binance-CFTC FUD puts BNB price at risk of drop toward $200
Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer. Go to Source Powered by WPeMatico
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. Go to Source Powered by WPeMatico
Binance saw $850M withdrawal prior to CFTC indictment: Data
In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital. Go to Source Powered by WPeMatico
Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit
Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. Go to Source Powered by WPeMatico
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the … Read more
7 details in the CFTC lawsuit against Binance you may have missed
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims. Go to Source Powered by WPeMatico
CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification
The suit claims Binance used Ether as a commodity in its financial products, experts explained, which says little about the basic nature of the coin. Go to Source Powered by WPeMatico
