Binance France changes ownership following regulator warning
Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.
Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.
U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison.
The European Union's Securities and Markets Authority has recommended treating miner-extracted value (MEV) as a form of market abuse under the MiCA regulatory framework.
After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time.
According to Odaily, the US House of Representatives has recently passed the bipartisan cryptocurrency bill, Financial Innovation and Technology Act of the 21st Century (FIT21). However, it is important to note that the bill has not yet become law. Policy observers have stated that the likelihood of the bill being passed in the US Senate is quite low. The White House, US SEC Chairman Gary Gensler, and several congressmen have also issued stern statements about the bill. Despite years of regulatory and corporate struggles, the crypto community views this as a victory, especially the builders behind decentralized platforms, which are often overlooked by existing legal frameworks. Under FIT21, fully decentralized digital assets will be eligible to become commodities. One of the criteria is that the issuer or so-called affiliated person cannot hold more than 20% of the tokens and project voting rights. Centralized tokens that do not meet this condition will be deemed securities. Therefore, they will fall under the jurisdiction of the SEC, while decentralized tokens will be regulated by the CFTC. Rashan Colbert, Policy Director of decentralized trading platform dYdX Trading, stated that the regulation is 'almost' clear for the crypto industry. He said, 'Industry participants may find it difficult to meet different decentralization thresholds, and this kind of back-and-forth movement between two regulatory agencies may be very troublesome in practice.' Colbert also mentioned that it is unusual for the CFTC to regulate the commodity spot market. Nevertheless, this is a big step, especially for DeFi projects. He added, 'This bill makes us more confident because we know we have clear rights to continue doing what we are currently doing, which is exactly what the industry really wants now.'
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.
Chase Oliver’s proposed running mate has a strong anti-CBDC platform, but the 38-year-old Libertarian Party nominee seems to have been largely silent on crypto.
The Gopax exchange reportedly owes 100 billion Korean won in unreturned user staking deposits.
Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.
Consensys director of global regulatory matters Bill Hughes interpreted the approval as an admission that Ether is a commodity.