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.
Changpeng ‘CZ’ Zhao insisted that Binance wasn’t facing any liquidity issues and was winning court cases, establishing new fiat payment rails, hiring new staff, and entering new markets.
The SEC's filing against Binance could lead to one of two things if disclosed to the public: a criminal investigation or putting a company or witness at risk.
In its latest report, Reuters claims that Binance violated U.S. financial rules regarding the strict church-state separation of customer funds from company revenue in 2020 and 2021.
Tether claims to have made nearly $1.5 billion in ‘net profit’ according to the latest Not An Audit™ by the company behind crypto’s most notorious stablecoin.
Coinbase lost over $1 billion in the second quarter while warning investors that the digital currency exchange expects this current ‘crypto winter’ to be a multi-year affair.
In an era where there are widespread calls to get big money out of politics in order to protect democratic processes, ‘crypto’ is going the other direction.
