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The US Supreme Court on Monday rejected an appeal by Binance and its former chief executive Changpeng Zhao after the Second Circuit ruled that US securities laws apply to the cryptocurrency exchange even if it has no physical headquarters. Since 2023, Binance and its founder Changpeng Zhao have been facing legal challenges.
Powell "refutes" Trump! The Fed's actions in December are still a mystery, gold and the US index are in range; the political turmoil in France and South Korea, Trump nominates crypto-friendly as SEC chairperson... What major events happened in the world yesterday and this morning?
A California judge rejected Kraken's motion for provisional appeal, saying in Monday's ruling that allowing the appeal would only "delay resolution" of the Securities Exchange Commission's (SEC) ongoing case against the cryptocurrency exchange. Last November, the Securities Exchange Commission sued Kraken, accusing it of operating as an unregistered stock exchange, broker, dealer, and clearing house, and seeking forfeiture of ill-gotten gains, civil penalties, and a permanent injunction against ...
Harris campaign officials dismissed Trump's allegations of corruptive practices in the Pennsylvania election, saying the system worked as it should in identifying a small number of issues and said it was working with state attorneys general to address misinformation in the election and take steps to eliminate problems where possible.
On October 23rd, European Central Bank President Christine Lagarde defended the two main targets that former US President Donald Trump complained about: monetary policymakers and global trade. Lagarde suggested that Trump visit Frankfurt, Germany (the headquarters of the European Central Bank), to learn how difficult the work of Federal Reserve Chairperson Powell, which he often criticizes, is. Lagarde said that Trump's idea that setting interest rates is easy is not correct. "He should come to ...
Banq, which filed for bankruptcy last year, was dismissed by a US judge who said the filing was to protect the company and its executives from ongoing litigation by creditors. Banq and its chairperson, Jon Jiles, were sued by creditor N9, accusing Jiles of failing to meet his fiduciary duties. Judge Natalie M. Cox, who heard the case, called the bank's filing a "malicious" strategy to "gain an advantage in pending litigation" rather than restructure. In his ruling, Judge Cox wrote that the bankr...
A judge in the U.S. state of Georgia has dismissed two criminal charges against former President Donald Trump, the 2024 Republican presidential candidate, and another against Trump allies in a 2020 Georgia election interference case.
Last week, a U.S. judge partially rejected Coinbase's request to reject a shareholder class action lawsuit, which means Coinbase must face a class action lawsuit filed by shareholders over regulatory risk concerns. It is reported that New Jersey District Court Judge Brian Martinotti ruled last Thursday that while the plaintiffs have made a persuasive case against Coinbase's conduct in terms of regulatory action (in fact, the SEC did sue Coinbase), they have not made a persuasive case against mos...
The Securities Exchange Commission (SEC) has rebutted an attempt by Hex founder Richard Heart to dismiss his lawsuit, saying it has the right to proceed with the case. The SEC accused Heart of raising more than $1 billion through an unregistered securities offering and using the funds for personal luxury purchases. Heart's lawyers countered that Hex, PulseChain and Pulse X were not securities and that Heart did not promise returns on investment and therefore did not constitute fraud. The SEC has...
On August 15 local time, according to Osama Hamdan, a senior official of the Palestinian Islamic Resistance Movement (Hamas), Mohammed Dave, the head of Hamas's military wing, is "fine". Previously, Israel claimed to have killed him in an airstrike on July 13 this year. This is the first time a senior Hamas official has refuted Israel's claim. Osama Hamdan said that Hamas believes that Israel's claim that Dave was the target of its July airstrike is "to justify the massacre of the day".
Market News: Trump Judge Rejects Florida Confidential Documents Case.
Market News: Trump Judge Rejects Florida Confidential Documents Case.
A federal judge has dismissed part of the Securities Exchange Commission's (SEC) lawsuit against cryptocurrency trading platform Binance and its founder, CZ. The SEC's initial coin offerings against Binance and ongoing sales of BNB, BNB Vault, pledge services, non-registration, and fraud charges can proceed. The judge granted Binance and CZ's motion to dismiss charges related to secondary market BNB sales and Simple Earn.
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