Gathering all the Republican members of his panel, Patrick McHenry, who serves as the Chair of the House Financial Services Committee, led an inquiry with the SEC and FINRA regarding the distinctive standing of the company.
The recent Australian investigation targeting Binance employees outside their workplace is just one of many legal challenges confronting the world's largest cryptocurrency exchange.
The exchange expressed dissatisfaction with regulators' 'misleading' public statements regarding Binance's management of customer funds.
The agency's opportunity for public input is coming to an end regarding its proposal to broaden the scope of exchanges, encompassing a significant portion of decentralized finance. However, the crypto sector is expressing its opposition to this expansion.
The draft legislation put forth by prominent committee chairs stands as the most consequential proposal of the year, outlining potential measures for the federal government to establish safeguards within the digital assets industry.
An industry investment banker told CoinCryptoUS that deals may need to be repriced.
The employment of in-house judges violates the constitutional rights of the targets of SEC enforcement operations, according to the , 5th Circuit Court of Appeals.