Binance.US
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Binance.US CEO Brian Shroder is on the outs, with general counsel Norman Reed stepping up to replace him
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A Binance.US spokesperson cited the SEC’s actions as having real-world consequences on American jobs and innovation
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Coinbase delisting all assets except bitcoin would have effectively spelled “the end of the crypto industry in the US,” CEO told the FT
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There are no fresh dollars flowing into Binance.US these days, which makes for odd fiat prices across major cryptocurrencies
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Bitcoin is eyeing a return to $30,000 — but traders on Binance.US have been shown a very different price
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A federal judge set a Jun. 15 deadline for the SEC and Binance.US to resolve the matter, a bid to avoid damaging crypto markets
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The SEC seeks to prevent defendants from “destroying, altering or concealing relevant records”
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While Voyager’s estate is worth $1.3 billion, it is still waiting to claw back funds from Three Arrows Capital and FTX
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Binance said the decision was influenced by a variety of factors, including regulatory standing in the US and changes in a token’s risk profile
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Coinbase still maintains the highest US trading volumes with close to 50% of the market share, but it’s a far cry from where the exchange once was
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SEC officials initially opposed the Voyager plan, alleging Binance.US operates an unregistered securities exchange. Now, the DOJ is here
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“Specifically, like virtually every other crypto exchange, we did not have proper KYC in place at launch,” Binance spokesperson says
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The deal, which has raised the concerns of at least two US regulators, is pending approval by a New York judge
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But will BlockFi customers want to do business with centralized exchanges after the FTX debacle?
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JPMorgan Chase hires executive director of digital assets regulatory policy despite CEO’s jabs at space
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The investigation comes amid a separate report by Reuters alleging Binance facilitated $2.35 billion in illicit funds between 2017 and 2020
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Exchange taps former Ally Bank and Morgan Stanley executive to build out government affairs unit
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The exchange has secured licenses in three states this year: Connecticut, West Virginia and Wyoming
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Investors in the funding round include VanEck, Circle Ventures, RRE Ventures and Foundation Capital
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