Less than 10 days after the SEC first filed claims, the judge presiding over the lawsuit between the SEC and Coinbase has been replaced. Coinbase and Binance, two of the major cryptocurrency exchanges, were sued by the cryptocurrency regulator. It has been alleged that top US exchange Coinbase ran an
The U.S. Securities and Exchange Commission has continuously filed lawsuits against the top crypto exchanges, including the world’s largest crypto exchange, Binance. After the lawsuit, Binance gained a lot of support from the crypto community. Binance and CZ have been selling spot Bitcoin at an alarming rate, to defend the
As of now, the top cryptocurrency exchange, Binance has submitted its responses against the lawsuit claimed by the Securities and Exchange Commission (SEC). The CEO of Binance, Changpeng Zhao reached out to the court responses and it seems the heat of the moment. Considerably, the judgment relies on the U.S.
The United States’ crypto war has also had an effect on the stablecoin ecosystem, with a notable split developing between the two largest issuers. According to the company’s transparency report, the total supply of Tether has hit an all-time high of 83.36 billion USDT. Will Clemente, an industry expert, said:
In a shocking turn of events, SEC Chair Gary Gensler faces accusations of a potential dual role involving his relationship with Binance. Lawyers representing Binance and its founder Changpeng Zhao have alleged that Gensler, currently taking strong actions against the crypto world had offered to serve as an advisor to
In the last 24 hours, the cryptocurrency market has witnessed positive and negative developments. One significant event that sent shockwaves throughout the market this week was the Securities Exchange Commission (SEC) taking legal action against Binance, the leading cryptocurrency exchange, and its CEO, Changpeng Zhao (CZ). However, certain cryptocurrencies have
Following the filing of a new lawsuit by the United States Securities and Exchange Commission (SEC) against Binance, the overall cryptocurrency market capitalization fell 3.6% overnight, according to statistics compiled by CMC. Although the market has rebounded and is up 2.87% as per CMC. The complaint claims that Binance and
Binance Holdings Ltd., BAM Trading Services Inc. (Binance’s U.S. subsidiary), and founder Changpeng Zhao have all been accused of misconduct by the United States Securities and Exchange Commission (SEC) recently. These claims include various points, such as alleged securities law breaches and a lack of openness. These allegations have cast
The U.S. Securities and Exchange Commission has filed a lawsuit against Binance, the world’s largest crypto exchange, and CEO Changpeng Zhao for securities violations. Binance CEO has tweeted his reply to the lawsuit after a long silence. After his tweet, Justin Sun comes up with support for CZ. Extended Support
Binance, the major cryptocurrency exchange, and its CEO, Changpeng Zhao have received nearly 13 case files from the United States Securities and Exchange Commission (U.S. SEC) so far. Meanwhile, on Monday, a case complaint was raised in US Federal Court against Binance. The case file includes the unregistered security exchanges
