The Securities and Exchange Commission has filed an emergency motion in the D.C. District Court seeking a temporary restraining order to freeze Binance US' assets.
Responding to the lawsuit filed by the SEC against Coinbase, CEO Brian Armstrong has stated that his firm is proud to represent the industry in court in pursuit of clarity surrounding rules for the crypto.
Following the SEC's lawsuit against Coinbase for allegedly operating as an unregistered crypto exchange, the Alabama Securities Commission issued a show cause order to the exchange for violating securities law by offering its staking rewards program.
Paul Grewal, the Chief Legal Officer at Coinbase, is set to testify before the U.S. House Committee on Agriculture later today. Grewal plans to emphasize the need for crypto regulations and underscore the importance of the Digital Asset Market Structure discussion draft released by House Republicans last week.
A judicial panel has ordered the consolidation of the lawsuits against FTX's investors and celebrity promoters. The panel has ordered the creation of a multi-district litigation before a federal judge in Miami.
USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.
Bitcoin miner Marathon Digital mined 77% more Bitcoin in May 2023 as compared to the previous month. The surge in mining output was attributed to increase in hash rates and transaction fees.
U.S. House Republicans have introduced a draft bill in Congress that would provide regulatory clarity for the crypto industry and protect crypto assets from enforcement actions.