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The SEC began its crypto crackdown, with Binance also facing problems in the Netherlands. Another week has passed and the latest news on cryptocurrency is seeing this roundup centering on the different scrutinies and problems that crypto operations in the country have faced.
New York: A US judge has urged the Securities and Exchange Commission (SEC) to reach a settlement with crypto exchange Binance to let it continue
The US SEC has filed a complaint against crypto exchange firm Coinbase for operating as an unregistered national securities exchange, broker, and clearing agency. The complaint also charged Coinbase for failing to register its crypto asset staking program. The regulatory body alleged that Coinbase made billions of dollars by unlawfully facilitating the buying and selling of crypto asset securities. , Companies News, Times Now
In a case filed in US federal court on Monday, the US Securities and Exchange Commission alleged that the firm flouted investor protection rules by operating unregistered exchanges, misrepresenting trading controls and selling unregistered securities, among other violations.
The 2018 banking deregulation bill that exempted some banks from stricter Federal Reserve oversight and stress tests, has been a topic of discussion since the collapse of Silicon Valley Bank and Signature Bank.