Friday, December 1, 2023
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Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says

Binance targeted growth in the U.S. market, especially among "VIP" users who drove the exchange's trading volume and thus its revenue. These power users and their liquidity helped make Binance a juggernaut in crypto trading. According to the government, Binance's executives "tracked and monitored" the exchange's performance in the U.S.

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Celsius restructuring encounters obstacle due to SEC involvement

The U.S. Securities and Exchange Commission’s request for more information has paused Fahrenheit’s plan to revive bankrupt crypto lender Celsius, highlighting the ongoing regulatory challenges in the crypto sector. Fahrenheit, an investment group, had a plan to create a new crypto business from what’s left of bankrupt crypto lender Celsius, however,

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SEC faces hiring challenges due to experts not wanting to sell their crypto

The U.S. SEC faces recruitment challenges and legal uncertainties as it struggles to hire Bitcoin and crypto experts that are willing to sell their crypto assets. The Securities and Exchange Commission (SEC), the agency that makes rules for financial markets, is struggling to hire experts in cryptocurrencies because of a tricky

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