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Seismic shifts person been occurring successful crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what immoderate telephone its “regulation by enforcement” approach, arsenic the entity is present suing some Binance and Coinbase for securities laws violations. In different news, crypto steadfast Robinhood has decided to delist aggregate fashionable crypto assets successful the aftermath of the SEC’s latest barrage of reddish tape. This and much conscionable below, successful the latest Bitcoin.com News Week successful Review.
Binance Faces Legal Action by SEC for Violating US Securities Laws
The U.S. Securities and Exchange Commission (SEC) took ineligible enactment against Binance, the largest cryptocurrency speech globally, for violating U.S. securities laws. Gary Gensler, the president of the SEC, revealed that Binance is facing thirteen charges related to these violations.
Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations
Coinbase CEO Brian Armstrong has responded to the suit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto plus trading level arsenic an unregistered nationalist securities exchange, broker, and clearing agency,” arsenic good arsenic selling unregistered securities “in transportation with its staking-as-a-service program.”
US SEC Identifies 12 Crypto Tokens arsenic Securities successful Binance Lawsuit
The U.S. Securities and Exchange Commission (SEC) has identified 12 crypto tokens arsenic securities successful a caller suit filed against Binance and its CEO, Changpeng Zhao (CZ). The securities regulator asserted that Binance platforms “have made disposable for trading connected them crypto assets that are offered and sold arsenic concern contracts, and frankincense arsenic securities.”
Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure
Fintech and crypto steadfast Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) connected June 27, 2023. This improvement comes aft the publicly-listed institution revealed that it was “actively reviewing” its coin listings successful the aftermath of caller U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase.
Economist Discusses BRICS Currency’s Prospect of Becoming Global Currency
Economist Alexis Habiyaremye from the University of Johannesburg says that a projected communal BRICS currency, if utilized efficaciously and systematically for each commercialized transactions betwixt BRICS nations, would “alleviate the load connected these countries to finance” the “disproportionate vantage that the dollar enjoyed successful the planetary monetary system.”
What are your thoughts connected this week’s stories? Be definite to fto america cognize successful the comments conception below.
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