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In a Nigerian court on Friday, July 5, Binance’s illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval. Go to Source
In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense. Go to Source
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products. Go to Source
A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist. Go to Source
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to … Read more
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July. Go to Source
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote. Go to Source
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without … Read more
While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm. Go to Source
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the … Read more
