According to Zhao, the effects of a halving usually take time to materialize.
The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts.
The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs.
CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance.
The global crypto exchange has been facing intense regulatory scrutiny. Most of its regulatory issues are in Europe
The new development comes a day after CommEX officially launched on September 26, 2023.
The platform’s usage is not limited to individual users but also extends to educational organizations.
This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond.
According to Binance, the SEC lawsuit has no basis in the nation’s securities laws.
The Binance Labs Incubation Program season 6 is set to kick off on September 25 meant to offer technical and financial support.
A major part of SEC’s probe into Binance.US borders around Ceffu, even as the regulator seeks to affirm that the US exchange’s assets won’t be transferred overseas.
The US SEC has reaffirmed its claims of undeniable ties between wallet provider Ceffu and Binance in its recent motion against BAM, the parent company of Binance.US.
The SEC has received approval to unseal several documents to further its Binance.US investigation and accused the company of noncooperation.
The impact of regulatory challenges on the exchange’s market share has been notable. Binance.US has experienced a substantial decline in its market presence in the United States.
Lawyers representing Binance.US believe that, overall, the SEC’s moves so far would do more harm than good for its bidding.