eToro Limits Crypto Trading for U.S. Customers Due to SEC Lawsuits
eToro trading platform announces that it will stop offering new positions in four crypto assets for U.S. customers following the SEC’s legal actions against Coinbase and Binance. eToro, a leading social trading platform that offers access to various asset classes, including stocks, ETFs, options, and cryptocurrencies, has decided to limit its crypto offerings for customers […]
Ooki DAO to Shut Down its Operations After CFTC Court Victory
A United States district judge has ordered Ooki DAO to shut down indefinitely and pay a civil monetary fine of $643,542 due to a default judgment order. The Commodity Futures Trading Commission (CFTC) initiated the action against Ooki DAO. They accused it of unlawfully acting as a futures commission merchant and providing margin and leverage […]
Binance Intentionally Breaks US Laws – CFTC Chair
According to a Bloomberg report, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reprimanded Binance for intentionally violating regulatory rules and failing to keep Americans off the crypto exchange. During an engagement at Princeton University, CFTC Chairman Rostin Behnam argues that Binance’s executives are “not simpletons.” They have established large corporations that offer futures contracts […]
CFTC sue Binance, CZ over alleged regulatory violations
The Commodities Futures Trading Commission is suing Binance and its founder Changpeng Zhao for a number of alleged infractions. Samuel Lim, the former chief compliance officer of Binance, was also accused of encouraging the company’s illegal activities. Binance “apparently opted to willfully disregard applicable provisions of the CEA while engaging in a determined strategy of […]
Sources: SEC Chair, CFTC will be scrutinized over crypto bill
The U.S. SEC Chairman, Gary Gensler, has come under fire for how he has handled the cryptocurrency industry. Many influential figures have spoken out in favor of clear restrictions on digital assets. According to Fox Business Journalist Eleanor Terrett, the SEC Chair will be subject to testimony. She did, however, add that according to her […]