Coinbase, a cryptocurrency exchange, received three times more law enforcement requests in 2021 than it did in 2020, with almost half of the 13,079 requests coming from the United States. The majority of requests were related to criminal investigations, and Coinbase aims to provide anonymized or aggregated data where possible. While the total number of requests increased by 6% from the previous year, it pales in comparison to the 127,766 requests received by Verizon in the first half of 2021. Coinbase CEO Brian Armstrong recently expressed frustration with the U.S. Securities and Exchange Commission's response to the company's requests for guidance, and the company has also received a subpoena from the Commodities Futures Trading Commission.

Binance CEO Changpeng Zhao and his cryptocurrency exchange have filed a petition to dismiss the lawsuit brought against them by the SEC. The petition claims that the SEC overstepped its authority and distorted the securities laws in an attempt to regulate the crypto industry. Binance.US also filed a separate petition to have the charges against it dismissed. This is an ongoing story and more information will be provided as it becomes available.

September 22nd, Binance US and its affiliated organizations have requested that a Washington, D.C. court dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), stating that the allegations of money laundering transactions "have no factual basis".

In a recent development regarding the lawsuit filed by FTX debtor against Sam Bankman-Fried's parents, it has been discovered that Stanford University has ties with FTX Fund. Stanford University received over $5.5 million in donations from FTX Group, allegedly donated directly by Joe Bankman, SBF's father and a professor at Stanford University. In a statement given to Blockworks, a spokesperson for Stanford University acknowledged the donations and promised to return the money to the debtor.

Crypto exchange FTX has filed a lawsuit against the parents of its founder and former CEO, Sam Bankman-Fried, accusing them of fraudulently transferring and misappropriating millions of dollars. The lawsuit seeks damages, the return of any property or payments made to the parents by FTX, and punitive damages resulting from their "conscious, willful, wanton, and malicious conduct."

Former US SEC enforcement chief John Reed Stark predicts a dramatic hearing on Monday in the SEC's lawsuit against Binance. Stark believes that the SEC has a stronger case against Binance due to the exchange's non-cooperation.

Three celebrity endorsers of FTX, including NFL quarterback Trevor Lawrence, have agreed to settle allegations that they helped defraud investors who lost billions of dollars in the collapse of FTX. Other celebrity supporters of FTX, including Tom Brady, Gisele Bundchen, Shaquille O’Neal, and Larry David, have also been sued.