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United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange.According to a June 12 report from Bloomberg, Binance.US has hired former SEC enforcement
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Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.On June 12, Ohio Rep. Warren Davidson introduced the SEC Stabilization Act with
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United States Congressman Warren Davidson has introduced the "SEC Stabilization Act" into the House of Representatives, announced June 12. One of the bill's main provisions is to fire Securities and Exchange Commission (SEC) chair Gary Gensler. Davidson said in a statement:"U.S. capital markets must be protected from a tyrannical Chairman, including
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The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said. Source
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Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit. Original Source
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Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls.After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months.Both Bitcoin and altcoins continue to struggle thanks to legal battles
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Following reports of increased outflows after news of the lawsuit broke, Binance CEO CZ argued that there was potential for on-chain data to be misinterpreted. Crypto exchange Binance has experienced billions of dollars in outflows over the past week. This is according to on-chain data from various data analytics platforms. The
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The exchange saw a 43% jump in its number of new users from the Latin America region in just three days. Crypto exchange Bitget appears to be gaining a whole lot from the ongoing lawsuits against crypto giants Binance and Coinbase. The fierce rivals are currently in court over allegations by
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto.news’ editor Nicholas Ross Say shares his opinion on the US SEC’s recent crusade against crypto that cost the industry millions of dollars. He opines that innovation oppression won’t last forever. Disclosure: The views and opinions expressed
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Billionaire investor Mark Cuban has become one of the latest industry figures to call out the United States securities regulator for purportedly failing to provide cryptocurrency firms with a clear registration process.The Shark Tank investor claimed in a June 11 Twitter post that no registration exists in the SEC’s “Framework
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