
August 11th, 2025
Sources familiar with the matter said that Binance.US has been laying off employees from the legal, compliance and risk departments.
The SEC has received an official application from BlackRock for a spot Bitcoin ETF to help investors benefit from BTC without direct access.
Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout.
Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out.
Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market.
The crypto industry and market participants, including Coinbase, require clear guidance to navigate compliance obligations effectively and ensure regulatory alignment.
Saylor believes huge institutional money will proliferate the Bitcoin market as confusion and anxiety subside with increased crypto regulatory clarity.
The documents might help the likes of Ripple, Coinbase and other businesses that have had a run-in with the SEC.
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities.
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base.
Davidson was joined by another crypto-friendly congressman Tom Emmer in creating the legislation.
Binance.US experienced a significant market crash following the lawsuit slammed on the company by the US SEC last week.
While some Democrats have been criticized for their regulatory stance on cryptocurrencies, it is essential to recognize that not all members of the party hold an anti-crypto position.