Binance Vs. SEC: Court Issues Major Orders, Stuns Crypto Market
Binance vs SEC Lawsuit: Judge Amy Berman Jackson issues many orders, propelling Ripple through the crypto market. In the Binance vs. SEC lawsuit, a district judge has signed key orders following a joint report from the involved parties and a motion from the SEC to amend the original complaint. The court has also issued a scheduling […]
Binance.US Secures Court Approval to Invest in US Treasury Bills
Cryptocurrency exchange Binance has received court approval to invest U.S. customer fiat funds into U.S. Treasury Bills. The SEC v. Binance lawsuit is overseen by Judge Amy Berman Jackson, who signed and awarded the approval. Binance is only allowed to “invest certain customer assets in United States Treasury Bills” due to the verdict. The court […]
Binance.US Under SEC Scrutiny for Alleged Non-Compliance
According to the U.S. Securities and Exchange Commission (SEC), Binance.US has failed to reply to significant questions concerning customer assets and other crucial facets of an ongoing inquiry. In a joint status report submitted to a Washington, D.C. District Court on March 5, the SEC voiced concerns that BAM Trading Services , the company that […]
Binance.US Faces Rejection in Alaska, Florida
The regulators of Alaska and Florida have informed Binance.US that it can no longer serve their citizens, according to a report by The Wall Street Journal on January 25, as a result of the former Binance CEO‘s guilty plea. In January 2024, the Alaska Division of Banking and Securities allegedly denied Binance.US’s license renewal. The […]
US SEC Hits Binance and Binance.Us For Lawsuit Dismissal
US SEC submits an opposition to Binance and Binance.US’s motions to dismiss the lawsuit, requesting that the court deny the motion. A lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its US subsidiary Binance.US continues to allege violations of security laws and fraud. The latest filing by the U.S. SEC […]