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 Philippines securities regulator has teamed up with its U.S. counterpart and the Asian Development Bank to enhance digital currency crime monitoring, sharing insights on enforcement and regulatory standards.
SEC Chairperson Emilio Aquino said that the rules could be launched before the end of 2023, hinging on the addition of proper safeguards for investors.
Kelvin Lester Lee, a commissioner with the SEC, noted that the partnership was born out of the securities watchdog’s need for digitalization and achieving “innovation through regulation.”
