Regulation


Finance

SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.

Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.

(Mark Van Scyoc/Shutterstock)

Policy

One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.

U.S. Securities and Exchange Commission Chair Gary Gensler (Bill Clark-Pool/Getty Images)

Policy

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

The streets are clear outside the U.S. Court for the Southern District of New York (Dustin D.)

Markets

Coinbase Shares Slump After SEC Files Suit Against Company

Major shareholders include Vanguard Group, Cathie Wood’s ARK Invest, Nikko Asset Management, Fidelity and BlackRock.

COIN slid Tuesday following a suit by the SEC against Coinbase. (TradingView)

Policy

Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry

The SEC brought 13 charges against Binance, alleging the exchange violated federal securities laws.

(Nikhilesh De/CoinDesk)

Markets

Coinbase Shares Drop 10% Following SEC’s Suit Against Binance

Bitcoin (BTC) dropped below the $26,000 mark, while the shares of bitcoin mining stocks fell as well.

Coinbase share price (TradingView)

Consensus Magazine

Privacy Concerns Dominate CBDC Discussion at Consensus 2023

Some Consensus 2023 participants argue that the economic benefits of CBDCs are not worth the threats to privacy in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

Full Shows – Consensus: Distributed

Finance

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange

Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”

Richard Teng (Binance)

Finance

Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months

He says other exchanges, including OKX, Gate.io, Bitget and ByBit might also apply for a license.

Justin Sun (CoinDeskTV)