Binance’s legal troubles are set to worsen, believes John Reed Stark, former chief of the Securities and Exchange Commission (SEC) Office of Internet Enforcement. As per Stark, the U.S. Department of Justice is likely working behind the scenes to bring criminal charges against Binance and its executives. In March, Binance and its CEO, Changpeng Zhao,…
Ooki DAO to pay $643K fine after CFTC’s court victory
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Robinhood pulls the plug on MATIC, SOL, ADA amid SEC crackdown
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Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits
John Deaton, managing partner at Deaton Law Firm, has called on Binance and Coinbase users to contribute to an amicus brief to submit to the court handling their cases. Amicus curiae is Latin for friend of the court. It refers to a person or group who is not the plaintiff or defendant but has a…
CZ denies holding firms received $12B of Binance.US user funds
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Coinbase legal chief Paul Grewal says SEC ‘misread the law’
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Cathie Wood says SEC scrutiny into Binance will reduce competition for Coinbase
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SEC alleges Binance sent Paxos nearly $20B in commingled funds via Merit Peak in 2021
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Binance US users withdraw $78M amid SEC lawsuit and asset freeze concerns
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Seven bombshells from the SEC’s Coinbase suit
On June 6, the U.S. Securities and Exchange Commission (SEC) filed charges against Coinbase, alleging that the company violated securities regulations. These are the most notable takeaways from those charges. 1. Coinbase operated as an unregistered broker The SEC said that Coinbase’s main trading platform has operated as an unregistered broker, exchange, and clearing agency…