Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some top executives, CZ said Binance likely has “the lowest founding team…
Read more
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC. Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an…
Read more
According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also requires Ackerman to pay $27 million in restitution to defrauded victims…
Read more
During an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who departed from the United States will return when the government finds the “right outcome” for crypto regulation. Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve clarity with crypto regulations, “even if it takes a…
Read more
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies. The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion together with the House Agriculture’s Commodity Markets, Digital Assets and…
Read more
The Blockchain Association is moving out of New York. One of the biggest cryptocurrency lobbying groups said it had plans to shift resources out of the state to focus on federal policy…. Read More: Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy Read more »Sign up for e-EUR – the…
Read more
The cryptocurrency market was caught off guard today as news broke of a CFTC lawsuit targeting leading crypto exchange Binance and its CEO, Changpeng Zhao. How might the recent developments in the ongoing conflict between regulatory authorities and the cryptocurrency industry affect the best cryptos to buy now? The Commodity Futures Trading Commission (CFTC) initiated…
Read more
The Commodity Futures Trading Commission should be responsible for preventing companies like FTX from taking root in the future. FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to…
Read more
A provision in the bill gives authority over some cryptocurrencies to the Commodity Futures Trading Commission (CFTC), with the agency head saying it cares about having “rigorous oversight of markets.” United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could…
Read more
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand. United States Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation, but they confirmed that Bitcoin (BTC) and Ether (ETH) will be…
Read more
