Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyersSEC chair Gary Gensler offered to serve as an advisor to Binance and kept in contact with CEO Changpeng Zhao, lawyers for the company say.
Happy Thursday!The global crypto market cap is $1.11 trillion, with a 24-hour volume of $29.52 billion. The price of Bitcoin is $26,613.20, and BTC market dominance is 46.6%. The price of Ethereum is $1,850.15, and ETH market dominance is 20.1%. The best-performing sector is eCommerce, which gained 33%. The Crypto Fear & Greed Index is currently Neutral (50). Top News
Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyersSEC chair Gary Gensler offered to serve as an advisor to Binance and kept in contact with CEO Changpeng Zhao, lawyers for the company say. Cardano company Input Output says ADA is not a securityRecent SEC cases against Coinbase and Binance will not affect operations, IOG said. Binance US removes 100+ advanced trading pairs amid SEC scrutinySome of the affected trading pairs included assets the SEC had classified as securities in its lawsuit against Binance.US Latest Insights
More NewsBlockchain Association members say courts will prove SEC, Gary Gensler wrongDraft regulation could also "rein in Chair Gensler’s relentless crusade." Speculation mounts that a regulatory attack on Bitcoin is comingAlthough recent regulatory enforcement actions have bypassed Bitcoin, Balaji Srinivasan believes this will change soon enough. Coinbase to withdraw over 70k staked ETH amid SEC lawsuitU.S. regulatory pressure has led to an increased demand from Coinbase users who want to withdraw their staked Ethereum. SEC filings reveal testimony of former Binance.US CEOsThe filings contain portions of the testimony given by Catherine Coley and Brian Brooks about their experience in leading Binance.US and the main hurdles they faced in the job. Cathie Wood says SEC scrutiny into Binance will reduce competition for CoinbaseArk Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.
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