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.
Summary: The measures introduced by the CBA include holds, declines, and limits on outgoing transfers to crypto exchanges. CBA will also introduce a monthly $10,000 limit on these transactions in the coming months. James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services said that measures should combat crypto-related...
The prosecutor heading the probe into Do Kwon and Terraform Labs believes that Do Kwon may be handed a record 40 year prison sentence. The Terra founder could then be extradited to the US to face trial and serve a separate jail term if convicted.
The D.C. District Court has summoned Binance CEO Changpeng Zhao in relation with the lawsuit filed against him by the SEC. Zhao has 21 days to respond to the complaint, failing which a default judgement will be entered against him.
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.
Summary: “Coinbase has never registered with the SEC” as a securities exchange, the U.S. Securities and Exchange Commission filed in its lawsuit against America’s biggest crypto exchange. The SEC again listed several crypto tokens like SOL and MATIC as securities in the 101-page document filed in New York’s Southern District....
Genesis' request for an extension of its court-appointed mediation process has been granted by bankruptcy Judge Sean Lane. The bankruptcy judge also denied FTX's request to take part in the mediation talks.
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.
Summary: The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange. Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit against Binance. CEO Zhao replied “4” calling the lawsuit FUD and the...
FTX and its affiliated debtors have filed an objection to bankrupt crypto lender Genesis' proposed extension to its ongoing mediation period. FTX also took issue with Genesis estimating its $3.9 billion claim at zero.