The U.S. Securities and Exchange Commission has continuously taken action against the rapidly evolving crypto industry. Recently, the SEC’s lawsuit against the leading crypto exchanges raised the question among the crypto community of whether the SEC had decided to put an end to the crypto industry in the United States.
CoinEx, the Hong Kong-based crypto exchange, has been banned from operating in New York by Attorney General Letitia James. NYAG mentioned that the crypto exchange has failed to register as a broker-dealer. So the authorities shut down the crypto exchange. 🚨There are serious consequences for ignoring New York laws. As
JPMorgan Chase & Co, the financial services in New York City, America has been alleged to pay a tentative settlement of around $290M. This is due to the lawsuit raised against them and resolving the sexual abuse victims of Jeffrey Epstein, a financier. However, this Monday, the claim has been
Good Gensler (GENSLR), the cryptocurrency known as the memecoin of Gary Gensler, has shown a massive increase in recent days. Good Gensler has witnessed a 125.82% increase in the last seven days. Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has become the talk of the crypto
Binance, the world’s largest crypto exchange, has faced several charges filed by the U.S. Securities and Exchange Commission. The SEC accused the crypto exchange and its CEO of providing unregistered securities. The accusation by the SEC has become a controversial topic in the crypto world. Even though the SEC accuses
BNB Coin (BNB), the native cryptocurrency of Binance, reflects the harsh impact of SEC’s crypto crackdown in its soaring selling pressure. The SEC vs Binance lawsuit succeeded in inducing BNB to plummet by 9.15% — from $306 to $278 — over the past 3 days. In the lawsuit, the US
The US Securities and Exchange Commission’s (SEC) recent regulatory initiatives have compounded concerns about the long-term sustainability of cryptocurrencies. The SEC’s legal charges against Coinbase and Binance, two prominent cryptocurrency exchanges, are a worrying trend. The SEC’s action against Coinbase, situated in San Francisco, is a landmark event in the
Ripple Labs CEO Brad Garlinghouse provided insights into the ongoing court case between Ripple and the U.S. Securities and Exchange Commission (SEC), expressing his belief that the case will reach its conclusion in the near future. In a recent statement, Garlinghouse discussed the progress made in the lawsuit and its
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
In a major legal development, the Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world’s largest cryptocurrency exchanges. The SEC complaint specifically identifies ten tokens, including popular cryptocurrencies such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI, as unregistered crypto
