SEC
SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order Inspection
The regulator asked a U.S. court to reject Binance's "half-hearted" objections to its motion seeking depositions, an inspection and communication from the exchange.
Steven McClurg: Bitcoin Spot ETF Race
A growing number of asset management companies are joining the race for the approval of a Bitcoin spot exchange-traded fund in the United States while the Securities and Exchange Commission keeps delaying its decision on existing applications. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Steven McClurg, Chief Investment Officer and Co-Founder of Valkyrie, an asset management firm with a pending spot Bitcoin ETF application, said the approval for BTC spot ETFs in the U.S. might be imminent, potentially by the second quarter of 2024. Additionally, he addressed the SEC’s prior reservations, including custody and surveillance issues, stating that they have now been resolved.
Unpacking SEC's Binance.US Accusations Revealed in Unsealed Court Filings
CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest court filings unsealed on Thursday, where the U.S. Securities and Exchange Commission (SEC) accuses Binance.US of not playing ball with their probe. Plus, more insights on the exchange's earlier response to the regulator's concerns.
SEC Accuses Binance.US of Not Cooperating With Probe: Court Filings
According to court filings unsealed on Thursday, Binance.US has been accused of not cooperating in a probe by the U.S. Securities and Exchange Commission (SEC), which has said the company’s staking, clearing and brokerage services violate federal securities law. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the regulatory pressure Binance.US undergoes and what's next for the exchange.
