ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets. Source
First Mover Asia: Why Did Bitcoin Rise? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
Tag: CEO
Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law
Coinbase CEO Brian Armstrong has responded publicly to the United States Securities and Exchange Commission (SEC) lawsuit against his company, stating in a tweet that the team is “confident in our facts and the law” and that it welcomes the chance “to finally get some clarity around crypto rules” in court. Regarding the SEC complaint against us today, we’re proud to represent the industry in court to finally get some clarity around crypto rules. Remember:1. The SEC reviewed our business and allowed us to become a public company in 2021.2.…
SEC complaint hints at why Brian Brooks resigned as Binance.US CEO
The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months after his appointment. According to a June 5 tweet from cryptocurrency lawyer James Murphy — known on Twitter as MetaLawMan — the SEC complaint cites an “unnamed source” who ran Binance.US for a brief period of time in 2021. The dates correlate with the time that Brooks was CEO of Binance.US. 1/ The SEC complaint against @Binance appears to solve the mystery of why Brian…
SEC Charges Binance, CEO over Illegal Exchanges, Commingling of Client Fund
The Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha The Securities and Exchange Commission…
SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao, Binance.US Over Multiple Securities Violation Allegations
Binance, Binance.US and CZ offered unregistered securities to the general public in the form of the BNB token and Binance-linked BUSD stablecoin, said the suit, which also alleges that Binance’s staking service violated securities law. There are similar charges against BAM Trading – the operating company for Binance.US – and Binance itself, including failure to register as a clearing agency, failure to register as a broker and failure to register as an exchange. Source
Binance Rumored Successor Richard Teng to Battle Regulatory Problems if CEO Zhao Steps Down
Binance head of regional markets outside the US Richard Teng is rumored to be the chosen successor if CEO Zhao relinquishes his position. Reports about a Binance CEO successor are starting to fill the grapevine following the crypto exchange’s regulatory problems. Although there is no official word from Binance or current CEO Changpeng “CZ” Zhao, Binance executive Richard Teng is the most likely heir apparent if Zhao decides to step down. Binance is currently facing several problems in different regions. In May, the crypto exchange’s third-party payment provider abruptly discontinued…
Binance CEO hints at Bitcoin Lightning Network integration
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Changpeng Zhao (CZ), the CEO of Binance, engaged with the crypto community in a Twitter Spaces session, addressing questions and shedding light on various topics. Among the key highlights was CZ’s discussion on the potential integration of the Bitcoin Lightning Network, a layer-2 scaling solution. Binance eyes Lightning Network integration Binance CEO Changpeng Zhao (CZ) recently participated in a Twitter Spaces session, where he answered various questions from the audience. One of the highlights of his discussion was…
Blackrock CEO Says US ‘Debt Ceiling Drama’ Is Bad for Dollar, Bitcoin May Benefit
Laurence Fink described the debt ceiling deliberations as bad for the dollar as the Blackrock CEO predicts further interest rate hikes. The CEO of investment management company Blackrock is not excited about the ongoing attempt to raise the US debt ceiling. CEO Laurence Fink recently spoke about the “drama” surrounding the debt ceiling increase while discussing inflation and other issues. Observers believe the ongoing situation may turn out bullish for Bitcoin. Speaking at a financial services conference organized by Deutsche Bank, Fink rightfully predicted on Wednesday that there would be a…
Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps
Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency exchange Binance’s CEO Changpang Zhao aka CZ. Tether USDT market cap chart. Source: Coinmarketcap CZ in a quote tweet drew attention towards BUSD, a Binance stablecoin issued by Paxos. The Binance CEO said that “BUSD…
ONFO coin CEO found dead in United States
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The co-founder of ONFO coin, a referral-based cryptocurrency project, Dr. John Forsyth, was found dead with an apparent gunshot wound, about a week after his disappearance. Police reportedly informed the family of his passing away on late May 30. Despite the circumstances, authorities do not currently suspect foul play. Dr. Forsyth, also an emergency room doctor at Mercy Hospital in Cassville, Missouri, was reported missing on May 21, when he did not report for his hospital…