The U.S. Court of Appeals for the Second Circuit reversed a lower court's dismissal of a class action suit against Binance, its founder CZ and co-founders Yi He and Roger Wang in April 2020.
The Alaska Division of Banking and Securities didn't renew the operating license of Binance.US, while Florida's Office of Financial Regulation suspended the exchange’s money transmitter license in 2023.
Binance could see itself in court following Monday's proceedings on its plea to dismiss the SEC's civil lawsuit, with Judge Jackson appearing skeptical over the exchange's arguments.
Binance's U.S. lobbying spending didn't immunize itself from its legal woes, as more difficulties could arise following revelations that the exchange tipped off its VIP customers.
As a dramatic 2023 for digital assets draws to a close, CoinGeek speaks with Stephanie Breslow, co-author of 'Hedge Funds: Formation, Operation and Regulation' and partner at U.S. law firm Schulte Roth & Zabel, on the state of digital asset regulation in the U.S. at the court cases defining it.
The Philippines Securities and Exchange Commission recently issued an advisory informing the public that "Binance is NOT AUTHORIZED TO SELL or OFFER SECURITIES" in the country.
U.S. prosecutors challenged the terms of CZ's release, claiming that his vast wealth and the UAE’s lack of an extradition treaty with the U.S. made it unlikely that he would return for sentencing.
While Changpeng Zhao’s guilty plea this week came as a surprise to ordinary people, it wasn't so much for global regulators, who—for years—have been tracking and calling out Binance's illegal activities.
The U.S. SEC rejected the various arguments made by Binance, stating in its response to the exchange's motion that "no court has adopted Defendants' tortured interpretation of the law."
Binance downplays reports of customer accounts linked to terror groups, but figures unveiled in a new report say otherwise, with Israel probing around 200 more suspected accounts.
In a recent filing, the U.S. securities regulator accused Binance.US—including BAM Trading and BAM Management US Holdings—of refusing to provide disclosures mandated by the court concerning its customer assets.
The latest ruling by Judge Zia Faruqui gave Binance.US seven days to provide the Court with any legal basis for maintaining any documents under seal in whole or in part.
