‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
Binance.US has lodged its defense ahead of tomorrow's hearing on whether it’s funds will be frozen.
Binance.US has lodged its defense ahead of tomorrow's hearing on whether it’s funds will be frozen.
The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether.
A Supreme Court decision ruled that the U.S. president could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.”
“U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Rep. Warren Davidson wrote in reference to SEC head Gary Gensler.
The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance.
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
Years before serving as head of the SEC, Gary Gensler offered up his advisory services to Binance, the exchange's lawyers allege.
“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.
Memecoins that draw their likeness from Gary Gensler and the SEC have rallied significantly since the regulator sued Binance and Coinbase.
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance.