Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities.
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Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration
Gensler was asked about the Ripple decision twice shortly after the ruling, and his main message was that he would rather not talk about it.
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses including use of mobile phones, fitness, and working from home.
Binance customers represented by entity, citing inadequate representation
Eeon seeks compensation from both Binance and the US SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 per day.
Synthetix takes on counterparty risks with Infinex derivatives exchange
The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX).
SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review
The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal.
Coinbase pauses staking services in four US states following regulators’ orders
According to the U.S. crypto exchange, only regulators’ actions in California, New Jersey, South Carolina, and Wisconsin require the pause in staking additional assets.
Binance headcount reduction hits 1,000 employees: Report
The ongoing workforce reduction is reportedly global, with customer-service workers heavily affected.
Indonesia to launch crypto exchange in July: Report
Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said.
US industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.
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