SEC and Binance seek compromise on US assets freeze
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
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Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
The Financial Conduct Authority listed 42 registered crypto firms in compliance with the U.K. government’s Anti-Money Laundering and Combating the Financing of Terrorism rules.
Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.
A Supreme Court decision ruled that the U.S. president could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.”
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022.
The governor of Florida wants to defend people’s right to “do Bitcoin.”
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens.
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf.
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX.
Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.