Binance US, the American arm of the giant cryptocurrency exchange, is prepared for an extended legal battle with the Securities and Exchange Commission (SEC). The company emphasizes its commitment to regulatory compliance while criticizing the SEC’s approach to enforcement. Despite a prolonged 11-month discovery process, the US entity claims that
In a significant demonstration of community backing, over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance, through a decentralized opinion poll on AlphaorBeta. This poll, powered by Opinion Labs, sought insights on whether CZ’s contributions to the cryptocurrency world outweigh his past regulatory
In the upcoming sentencing hearing for former Binance CEO Changpeng “CZ” Zhao on April 30, his defense team has fervently advocated for probation rather than the 36-month prison term sought by US prosecutors. In a sentencing memorandum, Zhao’s attorneys outlined compelling reasons for leniency. Central to the defense’s argument is
Binance Holdings Ltd., a major cryptocurrency exchange, faces significant legal repercussions in the United States. US prosecutors are strongly advocating for a federal judge in Seattle to approve a plea deal with Binance, which has admitted to serious violations including anti-money laundering and sanctions breaches. The plea deal involves Binance
The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed. Zhao’s sentencing has garnered
In a recent court filing, it has been revealed that a federal judge rejected a travel request from Binance’s former CEO Changpeng Zhao, who sought permission to travel to his home in the United Arab Emirates (UAE) for the hospitalization and surgery of a person close to him. Despite offering
Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the
A new chapter evolved in the ongoing feud between cryptocurrency industry heavyweights, renowned economist Nouriel Roubini, and Binance’s CEO Changpeng Zhao. The latest controversy stems from Roubini’s involvement in a new venture, the Atlas Climate Token, which aims to combat climate change and create accessible investment opportunities. The sparks of
Binance, one of the world’s largest cryptocurrency exchanges, has seen its fair share of controversies and ‘FUD’ (fear, uncertainty, and doubt) this year. Adding to the turmoil, Mayur Kamat, Global Head of Product, has recently resigned. Binance confirmed Kamat’s departure through the email sent to the crypto media, mentioning gratitude
Binance, the world’s largest crypto exchange, has faced a lawsuit by the U.S. Securities and Exchange Commission (SEC). The SEC accused the crypto exchange Binance and its CEO, Changpeng Zhao, of selling unregistered securities. However, the exchange has received a lot of support from the crypto community to stand against
