The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges. Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the…
Binance.US Says SEC’s Temporary Restraining Order Would Destroy the Company
June 14, 2023
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Binance said that the Securities and Exchange Commission’s (SEC) move to freeze the assets of its American affiliate, Binance.US, would effectively destroy the crypto exchange. The SEC filed a temporary restraining order on June 12,to freeze Binance.US’s funds until it was able to prove that no one at the firm, including its CEO, Changpeng “CZ” Zhao, could access…
Binance.US Halts Dollar Deposits, Robinhood Delists Tokens After SEC Crackdown
The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing…
SEC Lawsuit Against Coinbase and Binance Sparks Controversy and Political Maneuvering
Commentary Yesterday, the Securities and Exchange Commission (SEC) fired a bombshell at the cryptocurrency industry. It is suing Coinbase, a publicly traded company which the SEC approved after going through its business plan to publicly list for trading two years ago. It is also suing Binance, a crypto currency exchange that is domiciled in Hong…
The SEC Chooses the Nuclear Option
Commentary The U.S. Securities and Exchange Commission (SEC) has just filed complaints in a federal court against two of world’s largest cryptocurrency exchanges, Binance and Coinbase. Binance, the largest exchange globally with several billion dollars of daily transaction volume, is registered offshore and technically off limits to U.S. investors. Coinbase, on the other hand, is…
Binance Lawsuit Triggers $700M in Withdrawals
June 7, 2023
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The Securities and Exchange Commission (SEC) lawsuit against crypto platform, Binance, triggered over $700 million in withdrawals as crypto traders continued to face losses. The SEC filed 13 charges against Binance and its CEO, Changpeng “CZ” Zhao, for allegedly participating in an “extensive web of deception” to mislead customers and evade federal regulatory laws. The case against…
Binance Lawsuit Triggers $700 Million in Withdrawals
June 7, 2023
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binanceBusiness & MarketsCompaniesCrime & Public Safetycrypto currencycryptocurrencyeconomyExecutive BranchInvestmentMarketsMedia & Big TechPolicies & ImpactsPoliticsSecurities and Exchange CommissionstocksTechTech NewsUS
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The Securities and Exchange Commission (SEC) lawsuit against crypto platform, Binance, triggered over $700 million in withdrawals as crypto traders continued to face losses. The SEC filed 13 charges against Binance and its CEO, Changpeng “CZ” Zhao, for allegedly participating in an “extensive web of deception” to mislead customers and evade federal regulatory laws. The case against…
SEC Files 13 Charges Against Binance Over ‘Extensive Web of Deception’
June 6, 2023
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The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against crypto platform Binance and its CEO for allegedly engaging in an “extensive web of deception” to mislead customers and evade U.S. laws. The SEC filed its lawsuit against Binance and CEO Changpeng Zhao in the U.S. District Court for the District of Columbia…
Binance Lifts 2nd Block on Bitcoin Withdrawals Within a Day, Citing Unprecedented Cashing Out Volumes
Cryptocurrency exchange Binance halted bitcoin withdrawals twice within 24 hours on Sunday and Monday, citing heavy cash out volumes. For 90 minutes on Sunday morning and again for a few hours later Sunday night, Binance stopped all bitcoin withdrawals on its platform, saying there were too many pending transactions. “We’ve temporarily closed $BTC withdrawals as the #Bitcoin network is…
LIVE 5 PM ET: NTD Business (March 27): Binance, CEO Sued by U.S. Regulators; SVB Deal Offers Banking Sector Relief
Low confidence in banks. An economist tells us that the easy money environment actually destroys money. Crypto platform Binance, sued by U.S. regulators. They accuse the company of secretly coaching Americans how to get around U.S. rules. Parts of Twitter’s source code leaked online. Now the company’s trying to find who did it. Chinese apps, dominating…
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