Thursday, March 28, 2024
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Crypto Exchange Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says

The SEC pushed back against Binance and Binance.US's motion to dismiss the suit it brought earlier this summer, saying the motion relies on "distorted" and "tortured" interpretations of both federal law and precedents. The SEC first sued Binance in June, a day before suing Coinbase, arguing both companies offered unregistered

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Sam Bankman-Fried asked FTX attorney to ‘come up’ with legal argument for $8B hole

Sam Bankman-Fried instructed FTX's former general counsel Can Sun to "come up" with any legal explanation for the $8 billion hole in Alameda Research's books, according to Sun's testimony in court on Oct. 19.Sun flew from Japan to testify in the ongoing trial as part of his non-prosecution agreement with

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Aussie execs refute ‘argument’ to treat crypto as financial products

Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia's assistant treasurer on the maSpeaking to the Sydney Morning Herald on Jan. 22, Assistant Treasurer and Minister for Financial Services Stephen Jones was commenting on the state

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US Government labels Virgil Griffith’s argument to dismiss sanctions charges ‘absurd’

Lawyers representing the United States government have filed a legal memo opposing the dismissal of charges for Virgil Griffith, a former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People's Republic of Korea, or DPRK.According to court records filed Nov. 19 in the Southern District

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Former US Treasury Head Calls Payment ‘Friction’ the Best Argument for Crypto

In a June 25 interview with Circle’s Jeremy Allaire, former Treasury Secretary Lawrence H. Summers talked about crypto’s ability to patch up the modern financial system, particularly calling out the great difficulty in processing global payments. Moderation in all things?Describing himself as falling between “Bitcoin evangelists and high traditionalists,” Summers was

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