Binance

Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.

Binance Says Gensler Once Offered to Be an 'Informal Advisor'
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.

BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble
Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.

Former CFPB Director on How Regulatory Action Against Coinbase, Binance Impacts Consumers
The U.S. Securities and Exchange Commission (SEC) sued Coinbase Tuesday on allegations of violating federal securities law, a day after a similar suit against Binance. But what does this mean for crypto exchanges in the U.S.? Kathy Kraninger, Vice President of Regulatory Affairs at crypto market integrity platform Solidus Labs, and former Director of the Consumer Financial Protection Bureau, discusses the impact of the SEC's recent charges and the implications for the crypto regulatory landscape in the United States.

NFT Lending Is Trending, Raising Concerns of ‘Predatory’ Platform Behavior
Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky.

The SEC Is Fighting the Last War
SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They’re not.

Bitcoin (Somewhat) Takes Binance Accusations in Stride
As the U.S. government’s fight against crypto intensifies, there is some evidence the industry is weathering it better than past shocks.

U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say
EU officials are hoping to tempt crypto innovators as exchange platforms Binance and Coinbase complain of regulation by enforcement in the U.S.

Self-Custody Reemerges in Crypto Conversation Following FTX Collapse
The Consensus @ Consensus report highlights a resurging discourse around crypto self-custody, states Margaux Nijkerk, CoinDesk's Ethereum Protocol Reporter. With considerable outflows from Binance and Coinbase and recent device issues with Ledger and Trezor, Nijkerk underscores, "There might be a renewed conversation around self-custody."

Solidus Labs Regulatory Affairs VP on the Significance of Congressional Action Amid SEC Suits
In an intriguing interplay of regulation and legislation, the SEC announced lawsuits against Binance and Coinbase while Congress is making considerations on crypto rules, observes Kathy Kraninger, VP of Regulatory Affairs at Solidus Labs. Highlighting the distinctiveness of the lawsuits, she remarks, "The cases against Binance and Coinbase are very different."

