Binance.US and the Securities and Exchange Commission have reached an agreement to collaborate on a resolution that avoids a complete asset freeze at the cryptocurrency trading platform, following allegations of illegal operations by the regulator. The recent statement from US District Judge Amy Berman Jackson highlights the significant progress made
Polygon Labs, a blockchain infrastructure behemoth, is sounding the alarm over the Securities and Exchange Commission’s (SEC) proposed redefinition of ‘exchange.’ The tech titan expressed these concerns in a June 13, 2023, letter requesting the SEC to reevaluate its proposed amendments to Rule 3b-16 under the Securities Exchange Act of
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 Securities and Exchange Commission (U.S. SEC) has updated and revised its proposals in multiple sections. Some of the releases include Proposed Rules, Concept Releases, Self-Regulatory Organization (SRO) filings, Rulemaking Petitions, Public Company Accounting Oversight Board Rulemaking, and others. Today is the last day to submit comments on
GREENVILLE, S.C.–(BUSINESS WIRE)–ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today provides an operational update following the Company’s recent cybersecurity incident. On May 14, 2023, ScanSource discovered it was subject to a ransomware incident that impacted some of its systems. The Company immediately launched its
Cryptocurrency exchange Binance had been through one of the worst turbulent outflows in the past week due to the SEC lawsuit. Reportedly, the exchange remarkably recorded a positive netflow of $521 million, as per data from the Web3 analytics tool 0xScope. In the last 24 hours, Binance witnessed an inflow
Investors are fleeing Binance and its sibling business Binance US because of their legal problems with U.S. authorities. Kaiko, a cryptocurrency analytics business, reports that since the SEC complaint was filed last week, market depth on the US sibling exchange has dropped by roughly 80%. Binance and its US-based sibling
Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) purchases on the retail trading platform eToro have been temporarily disabled for customers located in the United States as a result of a recent lawsuit from the Securities and Exchange Commission (SEC) designating these tokens as securities. A few days before,
A former enforcement officer has reportedly been recruited by Binance US as part of its legal team to help defend itself against claims of operating as an unregistered securities exchange amid a lawsuit filed by the United States Securities and Exchange Commission (SEC). George Canellos, previously of the SEC and
In a recent development that has sent shockwaves through the financial and political sectors, a US Congressman introduced legislation calling for removing Securities and Exchange Commission (SEC) Chair Gary Gensler. The move has ignited a heated debate among lawmakers, industry professionals, and the public at large. 🚨 NEWS – Today
