A federal magistrate judge has denied the Securities and Exchange Commission’s request to gain immediate access to Binance.US’s software, asking the regulator to provide more specific requests for discovery.
The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions.
Three candidates from both the Democratic and Republican parties have taken anti-CBDC positions as part of their 2024 presidential run.
The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.
The SEC claims Binance has been uncooperative despite the crypto exchange agreeing to a consent order on discovery in the regulator’s case against it.
Crypto investment products have seen over $450 million in cumulative outflows over the past nine weeks.
The securities regulator claims that Ceffu is a Binance entity and not merely a digital asset wallet provider.
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS' greenlist
Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 2024.
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year.