Judge signs off on $1.65B settlement between Voyager Digital and FTC
The settlement between the crypto lending firm and FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC. Go to Source
Regulation
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Changpeng Zhao may not leave the US pending court review, says judge
Pending a review of a motion filed by the U.S. government, the former Binance CEO will not be allowed to return to his home in the United Arab Emirates as he awaits sentencing. Go to Source
Ethereum (ETH) price reclaims $2K as data shows a surge in network activity
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Go to Source
Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation
Consensys senior counsel and director of global regulatory matters Bill Hughes spoke at the North American Blockchain Summit on crypto bills and their role in politics. Go to Source
FTX collapse, Binance’s US settlement provide strong case for MiCA regulations
European Commission policy officer Ivan Keller highlights high-profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe. Go to Source
Sam Altman’s ouster shows Biden isn’t handling AI properly
What happened with Sam Altman behind the scenes? Neither OpenAI nor Microsoft have provided all the answers. The industry deserves more congressional scrutiny. Go to Source
BlackRock met with SEC officials to discuss spot Bitcoin ETF
Representatives from the U.S. Securities and Exchange Commission also met with Grayscale on Nov. 20 in the asset manager’s bid for listing a Bitcoin ETF. Go to Source
Coinbase cites SEC action against Kraken in push for crypto rulemaking
The Nov. 22 letter claimed that “only mandamus will impel the [SEC] to fully, finally acknowledge that Coinbase’s petition for rulemaking was pocket-vetoed long ago.” Go to Source
Crypto markets mixed as traders digest DOJ action against Binance, CZ
Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance. Go to Source
US officials announce $4.3B settlement with Binance, plea deal with CZ
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts. Go to Source