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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken official action by issuing a cease-and-desist order. This action was prompted by their identification of a substantial deficit in customer funds and a
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“There are a lot of details about amounts transferred and where they went…” Barrett asked the SEC’s lawyers. “You say these funds consisted in significant part of Binance platforms, plural, customer assets, including those of Binance.US … Can you clarify or walk me through the transfers you allege were made
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Coinbase chief of legal said that the Court should grant a mandamus since the SEC’s delay is severely impacting the industry. Crypto exchange Coinbase has been actively pursuing its case against the US Securities and Exchange Commission (SEC) to gain enough clarity on the regulatory rules for digital assets. The
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Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator.In a June 17 letter filed in the Court, lawyers for the crypto exchange accosted the Securities Exchange Commission (SEC) for
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In Monday's filing, Binance.US's attorneys wrote that freezing its funds would "primarily harm BAM’s customers, effectively put BAM out of business, and prevent BAM from defending itself in this litigation," as it could no longer pay its employees, vendors or other parties or even maintain its technology. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has asked a United States federal court to freeze the entire assets of BinanceUS, to prevent the “dissipation of the exchange’s available assets for any judgment.” Binance.US will be mandated to repatriate customers’ crypto
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"The SEC respectfully submits that this relief is necessary on an expedited basis to ensure the safety of customer assets and prevent the dissipation of available assets for any judgment, given the Defendants’ years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and
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The United States Securities and Exchange Commission filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6 requesting eight actions. The first requested actions are the freezing of the assets of Binance.US and repatriation of
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The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate.In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent tweet, Pavel Luptak, a hacker and member of the Institute for Cryptoanarchy, expressed skepticism about the widespread adoption of decentralized cryptocurrencies in the current world order. Luptak believes that cryptocurrencies will never go mainstream
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