Coinbase Demands SEC Respond to Rulemaking Petition
Coinbase is taking action to strengthen its position in the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The cryptocurrency exchange has submitted a comprehensive response to the SEC’s request for an additional 120 days to respond to its rulemaking petition. Coinbase’s Chief Legal Officer , Paul Grewal, highlighted the urgency of […]
US Court Approves SEC, Binance.US Agreement
The proposed agreement between Binance, Binance.US and the US SEC to limit access between corporations was signed by Judge Amy Berman Jackson. This agreement aims to limit access between the companies. The agreement specifies that only Binance.US staff will have access to customer assets on the US-based cryptocurrency exchange. Binance Global will deny executives access […]
Binance.US Reportedly Cuts 50 Staff Following SEC Charges
Binance.US, the American counterpart of Binance, recently laid off approximately 50 employees from its legal, compliance, and risk departments. This decision comes from regulatory accusations of securities law violations against the company. According to sources and employee social media posts, Binance.US has initiated a series of staff reductions. The allegations have also led to a […]
Court Orders SEC, Binance.US to Negotiate Compromise
United States District Judge Amy Berman Jackson has ordered Binance.US and the United States Securities and Exchange Commission (SEC) to negotiate a compromise to prevent the exchange’s assets from being frozen. Bloomberg reported on June 14 that U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to negotiate a compromise […]
Nigeria SEC declares Binance operations in country illegal
The SEC clarified that it has no authority to regulate or authorize Binance Nigeria, making its operations in the country unlawful. The SEC, as the primary regulatory body for investor protection, emphasized the risks associated with using unregistered platforms like Binance Nigeria. It advised investors to exercise caution when dealing with digital assets and related […]