Binance
Recent News About Binance
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During the WebX conference in Tokyo, Japanese Prime Minister Fumio Kishida expressed support for the Web3 industry's potential to transform the internet and drive social change.
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Ukraine's Ministry of Digital Transformation has partnered with Binance, the largest cryptocurrency exchange in the world, to launch a project called IT Generation. Oleksandr Borniakov, Ukraine's Deputy Minister of Digital Transformation, said in a July blog post the project has helped to provide Ukrainians with professional skills and opportunities in the tech sector.
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Jarek Jakubcek, the head of Law Enforcement Training at Binance, the largest cryptocurrency exchange in the world, said he believes many law enforcement agencies have a positive impression of Binance because of its dedication to apprehending criminals who attempt to use their platform. Binance has collaborated on initiatives such as seizing funds from drug traffickers and a global anti-scam campaign.
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Democrat Congressman Ritchie Torres (NY-15) said in a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler that the judge's ruling in SEC vs. Ripple demonstrates that Gensler's claim that all digital assets except bitcoin are securities is false. Judge Analisa Torres of the Southern District of New York determined on July 12 that when sold to members of the public, Ripple's XRP token does not constitute an "investment contract" and therefore is not a security.
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As part of a court order, the digital asset exchange company Kraken will be mandated to provide the Internal Revenue Service (IRS) with select user account and transaction information from 2016 to 2020.
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Mind Network, a Web3 data security and privacy platform, announced on June 30 that it had closed a $2.5 million seed round, which attracted key investors such as Binance Labs, the venture capital and incubation arm of Binance.
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Timothy Massad, a former chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, a former chairman of the Securities and Exchange Commission (SEC), said in a Wall Street Journal opinion piece that although they support enforcement in the digital asset industry, they believe that lawsuits alone are not the solution to regulating the industry.
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Binance, the world’s largest cryptocurrency exchange, has assisted Israel’s Ministry of Defense in seizing digital assets that were intended to finance the Hezbollah terrorist organization. Binance called the operation “one of the most significant public successes in the counter-terrorist financing space.”
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Brad Garlinghouse, the CEO of blockchain company Ripple, said the SEC’s lawsuits against leading crypto exchanges, including Binance and Coinbase, are an attempt to overcompensate for the agency’s failure to prevent crypto exchange FTX from misusing customer assets, leaving users with billions of dollars of missing funds when the exchange collapsed last fall.
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In light of the recent House Financial Services Committee (HFSC) hearing on digital assets, U.S. Rep. Erin Houchin (R-IN) has emphasized the urgent need for market-structure legislation for digital assets.
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Coy Garrison, a partner at Steptoe and Johnson LLP and former counsel to Securities and Exchange Commission Commissioner Hester Peirce, recently commented on the future of the digital asset ecosystem.
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Dr. Emin Gun Sirer, founder and CEO of Web3 solutions company Ava Labs, said during a House Financial Services Committee hearing last week that blockchain technology can be beneficial to regulators by increasing the transparency of the “actions and activities,” of crypto industry participants.
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Former CFTC Commissioner Brian Quintenz, now the head of policy at venture capital firm Andreessen Horowitz, is calling on the U.S. Securities and Exchange Commission (SEC) to stop its barrage of lawsuits against cryptocurrency companies and instead work with legislators to establish clear regulatory guidelines for the industry.
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Binance on SEC request to freeze funds: 'No "emergency"… other than the one manufactured by the SEC'The SEC is seeking an emergency temporary restraining order (TRO) against Binance to freeze assets tied to Binance.US. In response, Binance has filed a memo with the Court challenging the SEC's "emergency" claim, calling it "manufactured" for the SEC's "purposes” of gaining a legal advantage unsupported by fact.
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As U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler claims cryptocurrency exchanges already have regulations to follow, Blockchain Association CEO Kristin Smith argues lawmakers' introduction of a regulatory proposal draft just one week before the SEC sued two leading crypto exchanges is evidence there is a lack of regulatory certainty.
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The chairman of the U.S. House Committee on Agriculture earlier this week said the U.S. Securities and Exchange Commission's (SEC) recent lawsuits against crypto exchanges are "regulation by enforcement" and "not an appropriate away to govern a market."
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U.S. Reps. Patrick McHenry and Glenn Thompson, chairmen of the House Financial Services Committee and the House Committee on Agriculture, respectively, recently released a draft bill aiming to improve regulation of the digital asset industry.
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Following the announcement the US Securities and Exchange Commission had sued Binance, the world’s largest cryptocurrency exchange, prolific crypto legal commentator John Deaton criticized the SEC’s tactics of “regulation by enforcement” and “lawsuit by media” to address cryptocurrencies.
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The Securities and Exchange Commission (SEC) yesterday filed 13 charges against cryptocurrency exchange Binance Holdings Ltd. and its founder, Changpeng Zhao, for alleged violations of securities law.
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Many crypto industry insiders have been calling on U.S. lawmakers and regulators to establish clear regulations for the industry, warning that a failure to do so will only increase the flood of innovators and entrepreneurs moving out of the U.S. to more crypto-friendly jurisdictions.