Stoner Cats NFT Creator Charged with Illegal Securities Offering
The NFT-only animated series starred Vitalik Buterin, Gary Vaynerchuk, and Hollywood A-listers. Stoner Cats 2 LLC (SC2), the entity responsible for producing the Stoner Cats animated series, has consented to a cease-and-desist directive and additional remedial actions imposed by the United States Securities and Exchange Commission (SEC). This decision comes after allegations of SC2 engaging […]
Coinbase CEO Says SEC Wanted All Assets Except Bitcoin Delisted
The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin before its legal action against the exchange. The exchange was instructed to stop all cryptocurrency trading activities other than Bitcoin (BTC) by the US Securities and Exchange Commission (SEC). Brian Armstrong, the CEO of the San Francisco-based cryptocurrency exchange Coinbase, is quoted in […]
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 […]