US and UK Lawmakers to Hold High-Profile Hearings on Cryptocurrency Regulation Amidst SEC Actions and Industry Concerns
Lawmakers in the US and UK are set to hold high-profile hearings on June 13 to discuss the need for cryptocurrency regulation. The UK Parliament will debate the findings of the Crypto and Digital Assets All-Party Parliamentary Group report, while the House Committee on Financial Services in the US will hold a hearing on the future of digital assets and their regulation.
Binance Changes Terms of Use After SEC Charges, Raises Concerns Over Asset Management
Binance has made changes to its Terms of Use following charges by the SEC, which could affect all users of the exchange. The changes give Binance exclusive power over which digital assets are listed on the platform and the right to convert delisted assets into a new form of digital asset of its choice.
Binance and CEO Changpeng Zhao Bolster Legal Defenses Amid Criminal Prosecution Preparation
Binance, the leading cryptocurrency exchange, and its CEO Changpeng Zhao have hired former SEC and Department of Justice prosecutor George Canellos to their legal team, indicating that they are preparing for a significant legal battle.
SEC's Reign Over Crypto Might Be Over Soon Enough
The SEC's recent lawsuits against major crypto exchanges like Binance and Coinbase are part of a broader effort to regulate the trillion-dollar crypto market. The agency's ability to take legal action against crypto firms and exchanges hinges on its classification of digital assets as securities rather than currencies or commodities.
SBI CEO Predicts XRP Price Surge and Ripple Labs Going Public After Legal Battle
Yoshitaka Kitao, the chairman and CEO of SBI Holdings, has made optimistic predictions about Ripple Labs and the price of XRP. Kitao believes that the ongoing legal battle between Ripple and the SEC over XRP's classification as an unregistered security could end in the next few weeks.
SEC Designation Causes Cardano, Solana, and Algorand to Plummet to New Lows
The SEC's lawsuit against Binance and Coinbase has caused volatility in the crypto market, with 19 new cryptocurrencies being identified as securities.
XRP Community Awaits Release of Hinman Documents and Cross-Motions in Ripple Lawsuit
Anticipation is growing in the XRP community ahead of a potential reveal on June 13, which is expected to include redacted documents from former SEC official William Hinman and cross-motions for summary judgment in the Ripple lawsuit.
Crypto Advocate John Deaton Responds to SEC Labeling Multiple Crypto Assets as Securities
CryptoLaw founder John Deaton has responded to the US SEC's labeling of multiple crypto assets as securities, stating that an asset does not automatically become a security just because the SEC says so. Deaton cited a document in which the SEC admitted that only the court could determine the validity of its theory.
JP Morgan Releases Report on Future of US Crypto Regulations Amidst SEC Lawsuits and Legal Ambiguity
The SEC has filed charges against Coinbase and Binance, two major global crypto exchanges, which will have significant implications for the future of cryptocurrencies. JPMorgan has released a research report examining the potential impact of this legal conflict on the formation of US crypto regulations.
Crypto Whale Cashes Out $2.3 Million Worth of BNB Amid SEC Crackdown
A BNB whale has sold 10,000 BNB coins at $230 each, earning $2.3 million, while still holding 15,000 coins worth approximately $3.5 million. The whale had accumulated Binance's coin two years ago, making $47.5 million at that time, and transferred 10 BNB to SafeMoon, receiving 100 trillion SafeMoon tokens, which they mostly dumped for 110,000 BNB.
