Binance US' banking partners have expressed their intention to suspend fiat (USD) withdrawals as soon as June 13, 2023. The crypto exchange has decided to suspend USD deposits today.
SEC Chairman Gary Gensler has accused crypto firms of willingly flouting rules and risking enforcement actions as the cost of doing business in the United States.
Coinbase CEO Brian Armstrong sold more than 29,000 shares worth over $1.7 million just 2 days before the SEC filed a lawsuit against his company. The crypto community has questioned the timing of the questionable stock sales, with some alleging a stock dump by the CEO.
The Financial Conduct Authority of UK has unveiled stricter rules for crypto marketing in the country. The new rules will prevent crypto firms from offering "refer a friend" schemes and will require new crypto investors to have a 24 cooling off period.
Coinbase CEO Brian Armstrong has revealed that the crypto exchange will not shut down its staking program. Chief Legal Officer Paul Grewal added that the exchange had no plans to delist the tokens named in the SEC's lawsuit.
Summary: Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit. Cathie Wood’s company filled their coffers as the second largest COIN holders with 11.4 million shares amid tensions surrounding the publicly traded crypto exchange. Coinbase is being sued by the U.S. Securities...
Summary: Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS). The license allows USDC’s issuer to provide local and cross-border payments and digital payment token facilities in the city-state. Singapore is a springboard for Circle’s international expansion and operations in the greater Asia...
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.
SEC Chair Gary Gensler stated in a recent interview that the United States doesn't need more digital currency. Chair Gensler added that digital currency already existed, in the form of the U.S. dollar and other fiat currencies.
