The U.S. Justice Department’s national security division is investigating Binance Holdings to determine whether the cryptocurrency exchange was illegally utilized to allow Russians to move funds through it in violation of US sanctions related to Russia’s invasion of Ukraine, as per the Bloomberg report. This is not the first time
The US Securities and Exchange Commission (SEC) is launching an investigation into First Republic Bank executives over allegations of insider trading. The investigation centers on the conduct of executives before the bank’s seizure and subsequent sale to JP Morgan Chase & Co. According to Bloomberg, the SEC is specifically investigating
In broadening the crypto market, the crypto investors turn their predictions optimistic over the second quarter of 2023. Meanwhile, the verdict of the Ripple case with the United States Securities and Exchange Commission (U.S. SEC) awaits the result. Deaton’s Analysis Of the Ripple Case John E Deaton, the founder of
The crypto exchange Coinbase responded to the SEC’s Wells notice. Coinbase provided written and video submissions to the SEC and discussed those submissions with the SEC a few days ago. Today, to provide greater transparency in our long-standing engagement with the SEC, we are sharing our response to the Wells
Legal conflicts with the SEC over whether XRP is a security have caused market volatility for Ripple’s token. Despite this, John Deaton, founder of CryptoLaw, is certain that XRP will be adopted for international transactions. Good thing I don’t care what you think. But if you’re interested go back to
On April 17, 2023, the Securities and Exchange Commission (SEC) accused Bittrex, a Seattle-based exchange, of violating securities law by neglecting to register with the financial regulatory agency in various jurisdictions. The charges came at a time when the exchange was already planning to wind up its operations in the
A Summary Judgement from the district court is still pending in the significant battle between the U.S. Securities and Exchange Commission and Ripple Labs. John E. Deaton, an attorney for the XRP community, stated today that he will be participating in a Zoom hearing. The court overseeing the case will not
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
According to reports, the cryptocurrency market faces increased scrutiny from regulators worldwide. The US SEC has been particularly active in regulating the market. And also their pressure on regulations is now impacting the crypto market. This has led to uncertainty among investors and caused the market to fluctuate. The SEC
