Binance boss Richard Teng says re-entering US market a ‘premature discussion’
The US will soon have a largely crypto-friendly White House, but Binance’s Richard Teng says it may be too soon to start talks about re-entering the market. Go to Source
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Crypto Biz: Wall Street gets a taste of altseason
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more. Go to Source
SEC defends amended suit against Binance, CZ over securities claims
In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court. Go to Source
Binance.US lists PEPE as crypto exchanges vie for memecoin market
US crypto exchanges like Binance.US and Coinbase are making big moves into memecoins. Go to Source
Binance, CZ file motion to dismiss SEC’s amended complaint
Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued. Go to Source
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison … Read more
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to … Read more
Binance.US ‘prepared’ for SEC legal showdown
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics. Go to Source
North Dakota latest US state to revoke Binance.US license
North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case. Go to Source
Multiple US States Have Revoked Binance US Crypto Licenses
Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” … Read more
