On June 28, Amy Berman Jackson, a judge at the US District Court for the District of Columbia, ruled that most of the SEC’s lawsuit against Binance and its co-founder could go ahead. The SEC sued Binance and Zhao in June 2023 for mishandling customer funds, misleading investors and regulators, and violating securities regulations. The […]
On May 11, the American businessman and television personality said if Joe Biden loses the presidential election, “there is a good chance you will be able to thank Gary Gensler and the SEC (Securities and Exchange Commission).” “Crypto is a mainstay with younger and independent voters,” he said before adding that SEC Chair Gensler “has […]
The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as […]
SEC lawyers Michael Welsh and Joseph Watkins resigned this month after the regulator was sanctioned by a federal judge in a crypto case against Digital Licensing Inc., otherwise known as DEBT Box. Judge Robert Shelby found that the SEC made false statements, misrepresentations, and lacked evidence in its case against the digital asset firm in […]
A Federal High Court in Nigeria has ordered the world’s largest cryptocurrency exchange, Binance, to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC) as the clampdown on the firm for its alleged role in the devaluation of the naira continues. According to a report […]