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Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his claim that
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Crypto venture capital firm Paradigm has slammed the U.S. Securities and Exchange Commission’s attempt to redefine the term “exchange” — which would if accepted, bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter to the SEC Secretary, Vanessa Countryman, regarding the regulator’s proposed redefinition
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Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its assets “on an expedited basis.”In a June 6 tweet, Binance.US reiterated that “user assets remain safe and secure" and added the platform “continues to be
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In addition, the SEC raised a fresh allegation against Musk for tweeting that Tesla would produce around 500,000 cars this year. Tesla (NASDAQ: TSLA) and Twitter CEO Elon Musk failed in his latest attempt to appeal a 2018 settlement with the US Securities and Exchange Commission (SEC). This settlement requires scrutinization of
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Chicago Board Options Exchange parent Cboe has again filed for a spot Bitcoin ETF with the SEC despite being rejected in late January. In a recent regulatory filing, Cboe Global Markets made its third attempt to list the ARK 21Shares Bitcoin exchange-traded fund (ETF). On Tuesday, the Chicago Board Options Exchange parent company sought
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Michael Sonnenshein still sees crypto industry in its "early days." Source
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Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto.On April 21, Web3 venture capital firm Paradigm published a policy piece on the problems with SEC registration.It claimed that SEC chair Gary Gensler’s “attempt to brute force crypto
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Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut
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My reasons for disbelieving that there is coordinated ill-intent are twofold, one rooted in idealism and the other cynicism. First, this is the U.S., the land of opportunity and freedom. A deliberate attack against the economic freedom that crypto represents would run against this country’s values. Second, this is the
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The Ronin hackers’ overtures may be a thinly veiled attempt to trick the Euler hacker into surrendering the private key – and thus the crypto – they stole from Euler Finance, said Hudson Jameson, a former developer at the Ethereum Foundation. But he said the motives behind the on-chain messages
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