ALSO: Valkyrie’s chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year. Original
In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy of the allegations. Journalistic uncertainty In a June 8 article from CryptoX, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng ‘CZ’ Zhao and Guangying ‘Helina’ Chen received billions of dollars in customer funds through their holding company. According to the SEC, the funds were transferred to firms controlled by Zhao…
Coinbase Chief Legal Officer, Paul Grewal, wasted no time addressing concerns related to his employer’s recent charges by the Securities and Exchange Commission (SEC). Just hours after the SEC’s allegations of securities law violations against Coinbase, Grewal appeared before the House Agriculture Committee to field questions about cryptocurrency market regulations. Intense scrutiny On June 6, committee members gathered to engage in a session of rigorous questioning, with Grewal being part of a five-witness panel that included other industry representatives and former regulators. Earlier in the day, lawmakers had already subjected…