![]() ![]() The lawsuits have been criticized widely by the crypto industry, who argue that the agency is overreaching by listing a number of cryptocurrencies as securities without addressing the assets individually in detail. In the meantime, we’ll continue to operate our business as usual,” said Paul Grewal, chief legal officer and general counsel of Coinbase. unit after a recent venture capital deal fell through. ![]() Footing The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. The solution is legislation that allows fair rules for the road to be developed transparently and applied equally, not litigation. The World’s Biggest Crypto Exchange Still Lacks U.S. Binance, in response to the SEC’s request for an asset freeze, had proposed a compromise that would include transferring US customer cryptoassets to new wallets with new private keys that would. Trade over 100 cryptocurrencies with low trading fees. “The SEC’s reliance on an enforcement-only approach in the absence of clear rules for the digital asset industry is hurting America’s economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance. based cryptocurrency exchange for buying, selling and trading cryptocurrencies. The two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, were not mentioned, but we should note that SEC Chair Gary Gensler has called Bitcoin a commodity in the past. Both two suits mentioned SOL, ADA, MATIC, FIL, SAND and AXS. Binance - Cryptocurrency Exchange for Bitcoin, Ethereum & Altcoins Buy, trade, and hold 350+ cryptocurrencies on Binance Trade Bitcoin for free Sign up with Email or Phone or continue with Google Apple 38 billion 24h trading volume on Binance exchange 350+ Cryptocurrencies listed 140 million Registered users <0. Coinbase did not share a comment following a TechCrunch+ request by the time of publication.īoth filings listed a handful of cryptocurrencies as securities, with 12 different assets noted in the Binance suit and 13 in the Coinbase one, though the SEC said it was “not limited to” those. USD bank transfers comprise only a tiny bit of monthly active users, the exchange said. The Coinbase news is still being digested by the larger web3 world, but all major crypto coins are in the red in the last hour. Crypto Exchange Binance to Suspend US Dollar Bank Transfers This Week. Binance.US and the Securities and Exchange Commission agreed to work on a deal that avoids a total asset freeze at the cryptocurrency trading platform, which the regulator has accused of operating. SEC’s lawsuit against Binance and CEO Zhao was a matter of ‘when, not if,’ industry players sayĪfter the SEC announced its suit against Binance, the value of many major crypto assets declined - BNB, the Binance house token is down about 7%. ![]()
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