Binance market share declines amid legal challenges

Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges.

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Binance vs SEC: Has Binance decided to take the aggressive approach?

Binance accuses SEC of false accusations and alleges conflict of interest. Binance seeks to restrict SEC's public statements in the ongoing legal battle. The ongoing legal battle between BinThe post Binance vs SEC: Has Binance decided to take the aggressive approach? appeared first on AMBCrypto.

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FSMA Orders Binance to Stop Offering Crypto Services in Belgium Immediately

Binance's latest troubles unfold in Belgium, where the FSMA orders the exchange to cease crypto offerings on the grounds that it has violated Article 136 of the Belgian legal code. The post FSMA Orders Binance to Stop Offering Crypto Services in Belgium Immediately appeared first on BeInCrypto.

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Binance’s legal woes intensify as Brazil lawmaker seeks to question general manager

Binance, already under regulatory fire in jurisdictions worldwide, is seeing its legal pressures exacerbated in Brazil, where lawmaker Alfredo Gaspar has formally requested that the National Congress compel Guilherme Haddad Nazar, General Manager of Binance Brazil, to appear for questioning.

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Binance Brazil is being investigated for suspected pyramid schemes

Binance has been under fire from regulators in the United States, Australia, the Netherlands, and now Brazil. Binance. US and its legal team have, however, alleged that the SEC issued misleading statements in the lawsuit.

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SEC vs. Binance: Regulator Caught Lying and Misleading the Public

In an intriguing twist, Binance accuses the SEC of deception and misleading the public in their ongoing legal wrangle, demanding court intervention for compliance with conduct rules. The post SEC vs.

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Binance, Binance.US and CZ allege SEC made ‘misleading’ statements on exchange assets

The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets,” despite a court transcript suggesting otherwise.

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Government and TradFi’s Crypto Game Plan for the Future

In the world of traditional finance, or “TradFi,” a significant shift is underway. Major players are increasingly creating Bitcoin investment vehicles, a move that may seem counterintuitive given the recent legal actions against cryptocurrency giants like Coinbase and Binance.

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DAI overtakes BUSD in stablecoin race, MakerDAO reaps benefits?

DAI surpassed BUSD in marketcap because of legal troubles faced by Binance. The integration of rETH as collateral and raised debt ceiling contributed to DAI's growth and stability. DAI, the The post DAI overtakes BUSD in stablecoin race, MakerDAO reaps benefits? appeared first on AMBCrypto.

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Binance Under Investigation in France for 'Aggravated' Money Laundering

Binance is accused of illegally canvassing local customers outside of the legal framework, and for implementing poor money laundering checks.

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Binance.US reportedly cuts 50 staff following SEC charges

Binance. US, the American counterpart of Binance, has laid off about 50 staff members across its legal, compliance, and risk departments. , Reuters reported June 15. Two Binance. US employees, who have not been identified, disclosed a “round of layoffs” on LinkedIn and said that they were leaving the company.

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These altcoins gained the most as SEC’s legal drama cools down

As the heat around Binance and Coinbase cools, the global crypto market gains correction despite the industry’s regulatory pressure in the US. Here are the top three crypto assets of the past 24 hours. Sui (SUI) SUI token ranks at…

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Investing Platform eToro to Delist 4 Cryptocurrencies for U.S. Users Next Month

eToro cited "recent developments" as the reason for the move, referring to the SEC's legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities.

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Investing Platform eToro to Delist Four Cryptocurrencies for U.S. Users Next Month

eToro cited "recent developments" as the reason for the move, referring to the SEC's legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities.

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Crypto market recovers as SEC lawsuits’ heat falls

The US Securities and Exchange Commission (SEC) took legal action against the crypto industry over the past week. However, data shows that the heat around the SEC lawsuits has fallen while the prices gain corrections. The regulator sued Binance and…

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Binance.US hires former SEC enforcement official amid lawsuit: Report

Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.

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Crypto gaming sector hit hard as Nexo outperforms tokens listed in SEC lawsuits

The fallout from the U. S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities.

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Binance Removes 10 BNB Trading Pairs

Binance's move could be result of ongoing legal battle with SEC

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Ex-SEC executive says U.S. DOJ likely to bring criminal charges against Binance

Binance’s legal troubles are set to worsen, believes John Reed Stark, former chief of the Securities and Exchange Commission (SEC) Office of Internet Enforcement. As per Stark, the U. S. Department of Justice is likely working behind the scenes to bring criminal charges against Binance and its executives.

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Bitcoin’s SOPR ratio suggests strong interest as price recovers

Bitcoin’s (BTC) price witnessed an instant fall on June 5, as the US Securities and Exchange Commission (SEC) decided to take legal action against Binance and Coinbase. The asset’s price fell from around $26,800 to $25,500 within 18 hours after…

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Binance, Coinbase head to court, and the SEC labels 67 crypto-securities: Hodler’s Digest, June 4-10

The SEC sues Binance and Coinbase, and labels dozens of coins as securities. Both the crypto exchanges paused services while promising legal battles in courts.

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Crypto.com Pauses US Institutional Trading Service Following Regulatory Pressure

Crypto.com, one of the world’s largest crypto exchanges, has halted its institutional trading platform for US clients. The release of this news comes in the wake the Securities and Exchange Commission’s (SEC) decision earlier this week to take legal action against two of the most well-known cryptocurrency exchanges; Coinbase and Binance. Shutting Down Institutional Service […]

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SEC’s legal battles with Binance, Coinbase could reshape the crypto landscape

The post SEC’s legal battles with Binance, Coinbase could reshape the crypto landscape appeared first on CryptoSlate.

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Crypto.com Shuts Down US Institutional Exchange Amid Regulatory Concerns

Crypto.com, the Singapore-based exchange, has announced that it will shut down its institutional exchange service for US customers due to limited demand. The closure will take effect on June 21, 2023, and comes amid regulatory concerns in the US market, likely referencing the recent legal actions against Binance and Coinbase. Related Reading: Breaking: DOJ Takes […]

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The SEC Has Started an All-In Political Battle Over Crypto

The SEC's lawsuits against Binance and Coinbase are likely to play out across the U.S.'s legal and political system over several years, says Michael Casey.

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If Ripple Wins This Argument, The SEC Is Screwed Vs. Coinbase And Binance

The now nearly two-and-a-half-year long legal battle between Ripple Labs and the U. S. Securities and Exchange Commission (SEC) has gained a massive amount of importance this week as a result of the lawsuits against Coinbase and Binance US.

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Binance.US Suspends Use of Fiat as Legal Troubles Mount

The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company.

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Coinbase Vs. SEC Case Assigned To Judge Rearden: Good Or Bad For Crypto?

The U. S. Securities and Exchange Commission (SEC) has sent shockwaves through the crypto industry in recent days by taking legal action against Binance. US and Coinbase. The news about Binance was not even 24 hours old when the SEC followed up with a lawsuit against Coinbase.

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CZ Gets Court Summons, Coinbase Undecided on Delisting Assets Following SEC Complaint

A court has issued a summons to CZ, Binance's CEO, on behalf of the Securities and Exchange Commission. Even as the legal case unfolds, Coinbase remains undecided on delisting assets. The post CZ Gets Court Summons, Coinbase Undecided on Delisting Assets Following SEC Complaint appeared first on BeInCrypto.

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US Treasury Secretary Yellen wants more crypto regulation

Amid escalating legal cases against prominent cryptocurrency platforms, Coinbase and Binance, U.S. Treasury Secretary Janet Yellen emphasized the need for stronger regulation to safeguard crypto users and investors.

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SEC Accuses Binance.US, CZ of Billion-Dollar Investor Fund Risk

The U.S. Securities and Exchange Commission (SEC) has extended its legal proceedings against Binance.US after its initial suit against the exchange, claiming that the industrys largest exchange put investors’ funds...

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Top Defense Lawyers Rally For Coinbase And Binance In SEC Lawsuits

The recent lawsuits filed by the US Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges Coinbase and Binance have ignited a legal battle that is attracting the attention of renowned defense lawyers.

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Elon Musk’s Support For Dogecoin Amplifies Amid SEC’s Securities Label

Dogecoin (DOGE) recently found itself entangled in the latest developments in the financial world. As the digital currency followed the broader market’s downward trend, news broke that the US Securities and Exchange Commission (SEC) had taken legal action against Binance and Coinbase.

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Global crypto market surges despite FUD around Binance

The global crypto market witnessed a harsh wind as the US Securities and Exchange Commission (SEC) took legal action against two of the largest crypto exchanges, Binance and Coinbase. CoinMarketCap (CMC) data shows that the global cryptocurrency market cap saw…

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Bitcoin Investors Get Robust Returns In May – How Will Binance Lawsuit Affect Their Gains?

Bitcoin (BTC) investors witnessed a lucrative month in May, as the world’s most renowned cryptocurrency showcased its resilience and delivered robust returns. However, in the face of the changing market sentiment, a looming legal battle threatens to cast a shadow over these gains.

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Whale withdraws almost $62m worth of MATIC from BinanceUS

As the US Securities and Exchange Commission (SEC) unveiled a legal case against Binance, some users have been trying to get their assets out of the exchange. Data provided by Whale Alert shows that a whale deposited 115.27 million polygon…

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Bitcoin drops to $25K after Binance lawsuit

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binances' legal woes saw BTC plunge to theThe post Bitcoin drops to $25K after Binance lawsuit appeared first on AMBCrypto.

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Bitcoin drops to $25k amidst Binance lawsuit

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binances' legal woes saw BTC plunge to theThe post Bitcoin drops to $25k amidst Binance lawsuit appeared first on AMBCrypto.

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US Doesn’t Need More Digital Currency, It Already Has The Dollar, Says SEC Chair

In a recent interview, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chair, declared that the United States does not require any other digital currency. As the SEC takes legal action against major cryptocurrency exchanges Binance and Coinbase for allegedly operating unregistered securities exchanges, Gensler emphasized that the U.S. dollar already serves as a […]

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One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything.

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Unraveling the SEC’s Cryptic Silence: Why Did SEC Omit XRP from Binance Lawsuit

In a surprising turn of events, the Securities and Exchange Commission (SEC) has chosen not to designate XRP as a security token in the ongoing lawsuit against Binance. This omission has ignited a wave of speculation among legal sources and crypto enthusiasts, who are eager to uncover the reasons behind the SEC’s silence.

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Binance sees net outflows of $69 million in one hour

Amid the recent legal action taken by the SEC against Binance and its CEO Changpeng Zhao, cryptocurrency traders are swiftly withdrawing their funds from the crypto exchange.

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SEC’s Lawsuit Against Binance Triggers 12% Plunge in Coinbase Shares

In an era of increased regulatory scrutiny, the SEC's legal action against Binance has sent shockwaves across the crypto market, leading to a significant drop in Coinbase's shares and other crypto stocks.

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SEC sues Binance and CZ for securities violations

The U.S. Securities and Exchange Commission is taking legal action against Binance and its CEO, Changpeng Zhao (CZ).

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Breaking: SEC Unleashes Legal Fury on Binance and CZ, BNB Plunges

U.S. Securities and Exchange Commission (SEC) has filed lawsuit against Binance, world's largest crypto exchange, and its CEO, Changpeng Zhao

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Bitcoin Trades at Nearly $650 Premium on Binance.US

The widening discrepancy between the bitcoin price on Binance's U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit.

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Voyager Legal Team Left Shell-Shocked As Binance.US Walks Away From $1 Billion Acquisition Deal

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CFTC: ‘No Immediate Path Forward’ in Binance Legal Battle

Coinspeaker CFTC: ‘No Immediate Path Forward’ in Binance Legal Battle Now, CFTC is seeking a permanent trading and registration ban on Binance because the exchange supposedly lacks control over possible illicit transactions.

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Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says

The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the EU’s planned MiCA

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