A group of U.S. lawmakers has called on the United States Commodity Futures Trading Commission (CFTC) to ban betting on the outcomes of the upcoming 2024 presidential elections in the country. Senators Jeff Merkley, Richard Blumenthal, and Elizabeth Warren, along with Representatives Jamie Raskin and John Sarbanes, expressed their concerns ...
KuCoin, one of the largest crypto exchanges in the world, has formed an alliance with the top law firm A&O Shearman as it faces mounting legal challenges from US authorities. This partnership comes after the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) brought debilitating lawsuits against ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency industry. In an interview with Bloomberg TV on July 17, 2023, ...
If you're reading this, chances are you're familiar with, own, invest in, or actively trade cryptocurrencies. Now, if you fall into any of the last three categories and are asked to participate in a survey asking about the real-life uses and economic classification of the tokens you're holding, how well ...
Cboe Digital has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) to its customers in the United States. Today the CFTC approved Cboe Clear Digital, LLC to clear margined digital asset futures. Learn more: https://t.co/tWLd2F7E2h — CFTC ...
Binance.US CEO and primary shareholder, Changpeng Zhao, is reportedly exploring options to reduce his stake in the company amid ongoing legal challenges. According to sources familiar with the matter, Zhao has been attempting to sell a portion of his controlling stake since the second quarter of 2022. Some of the ...
