On Friday, Grewal questioned whether such new rules would work to tamp down misconduct. The crypto sector has said that existing U.S.
regulations are inadequate and called for new rules.
Binance and Coinbase have both denied the allegations and have accused the SEC of walking away from the firms' efforts to cooperate and come to a resolution. Coinbase has said the agency hardened its stance and became less willing to work with crypto firms in the wake of the FTX scandal in late 2022.
(Reporting by Chris Prentice; Editing by Nick Macfie)
Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.S.
dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalization.
The SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US's operator on Monday, in a dramatic escalation of a crackdown on the industry by U.S.
regulators. The SEC sued major U.S. exchange Coinbase a day later.
Erdogan is making all the right noises to signal a return to more orthodox policy, picking U.S.
banking executive Hafize Gaye Erkan as head of the central bank. He had also named well-respected former finance minister Mehmet Simsek as minister in charge of the economy.
The SEC began targeting initial coin sales as unregistered securities offerings, but has increasingly focused on crypto firms acting as unregistered exchanges and broker-dealers.
The lawsuits against Binance and Coinbase Global have increased fears the crypto market's ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance's biggest competitor,
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r>Brent crude futures fell by as much as 0.9% at one point, before reversing course to last trade up 0.5% at $76.35 a barre
r>West Texas Intermediate crude was up 0.36% at $71.53 a barre
r>Crude oil
remained on the back foot on Friday after a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session's low
r>Powell said on May 19 that it was still unclear if U.S. interest rates will need to rise further, and the risks of overtightening or undertightening had become more balance
r>June 16 (Reuters) - Binance, the largest cryptocurrency exchange, said on Friday that it was leaving the Dutch market because it had been unable to meet registration requirements to operate as a virtual asset service provide
r>On Wall Street overnight, gains were led by the tech-heavy Nasdaq, which surged 1.27%. equity futures in Asia pointed to about a 0.1% lower restart for each of the indexes. The broader S&P 500 rose 0.62
r>E-mini U.
r>Bets for a pause were supported by data overnight showing the number of Americans filing new jobless claims surged to a more than 1 1/2-year high, indicating a loosening labour market that could further quell inflatio
r>"Given that Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets," said Gurbir Grewal, director of the SEC's enforcement division, in the statemen
r>
(Reporting by Mehnaz Yasmin and Medha Singh in Bengalur
r>The SEC charged the Tron Foundation and its founder Justin Sun with fraud in Marc
r>A month later the U.S. arm of Binance said it would remove digital asset token tron from its trading platfor
r>Nigeria's young, tech-savvy population has eagerly adopted cryptocurrencies, for example using peer-to-peer trading offered by crypto exchanges to avoid the financial sector ban. (Reporting by MacDonald Dzirutwe Editing by Helen Popper
r>Meanwhile, the BOJ is seen certain to leave stimulus settings alone next Friday, with Governor Kazuo Ueda telling parliament today that "there's still some distance" to reaching its policy goal
r>There's more confidence surrounding the ECB decision, with a quarter-point increase fully priced for Thursday, and the only question being when the next quarter-point bump will come - with September most likel
r>The company said on Friday however that it has received registration in other European Union countries, including France, Italy, Spain, Poland, Sweden and Lithuania, and will continue to operate there.