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Nalezeno "United": 5072

SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit

16.6.2023
Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit

US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar

16.6.2023
United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system....

Crypto lender Abra has been insolvent since March, says Texas regulator

16.6.2023
Abra and its CEO William Barhydt have been issued with an emergency cease and desist order

Token Sale Ahead: Celsius to Convert Customer ‘Altcoins’ to BTC and ETH

16.6.2023
Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins such as CEL, ADA, LINK, LTC, and others will...

3AC liquidators file motion to hold Kyle Davies in contempt

15.6.2023
Civil sanctions against 3AC's co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until compliance with a subpoena

Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing

15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...

New York bans CoinEx exchange, seizes $1.7M in crypto assets

15.6.2023
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said

Biggest Movers: MATIC Remains Near 11-Month Low, as Price Plunges by 9%

15.6.2023
Polygon moved closer to an 11-month low on Thursday, as crypto markets continue to react to yesterday’s United States Fed rate decision. The global market cap is trading 4% lower as of writing, as a wave of bears captured sentiment. Litecoin plunged to a three-month low today. Polygon...

US prosecutors say SBF will be tried on original 8 criminal charges — for now

15.6.2023
DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy

AI automation could take over 50% of today’s work activity by 2045: McKinsey

15.6.2023
Management consulting firm McKinsey & Co believes AI will have the “biggest impact” on high-wage workers

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...

Requiring DEXes to register with SEC like other exchanges is 'impossible', says Coinbase CLO

15.6.2023
“The SEC is attempting to front run Congressional action by baking unsupported assumptions about its crypto jurisdiction into the proposed rules," said Paul Grewal

US senators propose bill to eliminate section 230 protection for AI companies

14.6.2023
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether section 230 even applies to AI

Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal

14.6.2023
A judge in Washington decided to give Binance US and the Securities and Exchange Commission (SEC) time to work out a deal to avoid the freezing of the exchange’s assets. The two sides are close to an agreement that will protect customer funds without paralyzing the crypto trading platform. Crypto...

US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

13.6.2023
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework "could reward bad actors with a ‘get out of jail free’ card"

SEC and Binance seek compromise on US assets freeze

13.6.2023
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

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...