Category: SEC

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

September 21, 2023CryptoLeave a Comment

“Indeed, since 2019, Congress has considered more than a dozen proposals that would provide a coherent and workable framework for crypto assets and their trading platforms,” the filing said. “Critically, none of those proposals would confer sole regulatory jurisdiction over the crypto industry to the SEC. Despite this, the SEC now seeks to expand its […]

Judge Makes No Ruling in SEC-Binance Document Dispute

September 18, 2023CryptoLeave a Comment

Rather, Magistrate Judge Zia Faruqui urged the two parties to work on the various discovery requests together, asking the SEC to narrow its request for information but allowing it to depose certain shard holders to establish whether Binance.US’s funds are safe. The crypto exchange, a branch of the global Binance entity, should share more information […]

U.S. SEC Rips Into Binance.US Over ‘Shaky’ Client Asset Custody, Ties to Ceffu

September 18, 2023CryptoLeave a Comment

In June, the watchdog sued Binance.US, the exchange’s global parent Binance Holdings and founder Changpeng “CZ” Zhao, alleging they ran an unlicensed securities exchange. The SEC’s findings in the case so far demonstrate “the urgent need for an inspection,” Monday’s filing said, as the regulator restated its worries about Binance’s use of custody platform Ceffu.

The Inanity of the SEC 'Stoner Cat' Action

September 14, 2023CryptoLeave a Comment

The Inanity of the SEC 'Stoner Cat' Action

The Protocol: The CFTC Is Cracking Down on Crypto

September 13, 2023CryptoLeave a Comment

The U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token swaps – contrasted with the regulator’s more lenient image.

Binance Says SEC’s Request for Depositions is ‘Overbroad’ and 'Unduly Burdensome'

September 12, 2023CryptoLeave a Comment

Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted.

Cathy Wood's ARK Invest Files for First Spot Ether ETF

September 6, 2023CryptoLeave a Comment

The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.

How Everyone Can Win From the Grayscale Bitcoin ETF Decision, Including the SEC

September 5, 2023CryptoLeave a Comment

Should the SEC wish to challenge the federal judge’s conclusions in the Grayscale decision, the company’s application could simply be denied again for a different (or even an analogous) reason. That course of action becomes problematic quickly. The last thing any lawyer wants to do is upset a federal judge. That is a terrible idea, if the […]

SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple (XRP) Says

September 1, 2023CryptoLeave a Comment

July’s ruling did not “present a controlling question of law,” and neither did the SEC’s motion for an appeal, Ripple said in Friday’s filing, which added that the regulator hasn’t proven that different judges might disagree with the ruling, or that an appeal would lead to a faster end for the court case – all […]

WisdomTree and Invesco Galaxy Spot Bitcoin (BTC) ETF Applications Delayed by SEC

August 31, 2023CryptoLeave a Comment

Judge Neomi Rao, writing for the unanimous court, said the SEC’s denial of the application was inconsistent with the approval of a pair of bitcoin futures ETFs, and did not explain why it viewed these types of products differently given the underlying bitcoin market had a “99.9% correlation” between spot and futures market prices. Grayscale’s […]