SEC and Binance.US to negotiate deal avoiding total asset freeze

Binance.US and the United States Securities and Exchange Commission (SEC) have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets. On June 14, Bloomberg reported U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to work towards a compromise arrangement that [...]

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‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds

Binance.US has lodged its defense ahead of tomorrow's hearing on whether it’s funds will be frozen.

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Binance vs. SEC: How low can BNB price go?

BNB is clinging on to its short-term bullish bias amid the Binance-SEC fiasco, but a 30% price decline is still on the cards.

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SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry

The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also [...]

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Crypto sentiment index dips back to March ‘fear’ levels amid Binance lawsuit

Meanwhile, total liquidations have topped $280M in the last 12 hours as crypto market sentiment has turned more fearful.

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SEC complaint hints at why Brian Brooks resigned as Binance.US CEO

The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months after his appointment. According to a June 5 tweet from cryptocurrency lawyer James Murphy — known on Twitter as MetaLawMan — the SEC complaint cites an “unnamed source” who ran [...]

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