On September 19th, a Washington area judge encouraged Binance.US holding company BAM and the U.S. Securities and Exchange Commission (SEC) to work together to provide more information on how Binance.US handles customer assets. In addition, the SEC and BAM agreed to hold a hearing on October 12th and submit a joint status report by October 10th.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
The U.S. SEC and Binance.US Holding Company BAM Will Hold a Hearing on October 12
-
Wechat scan to share
Recommended for you
-
The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs
The European Securities and Markets Authority (ESMA) is consulting with the investment product advisory industry and experts on whether cryptocurrency assets should be included. This move could open up a broader market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of UCITS (EU Transferable Securities Collective Investment Scheme), with the UCITS market reaching as high as €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrency assets in Europe. -
Trump announces he will accept cryptocurrency donations for his presidential campaign
Donald Trump announced that he is accepting cryptocurrency as a form of donation for his presidential campaign. -
U.S. House of Representatives passes resolution to overturn SEC cryptocurrency accounting standards announcement
The US House of Representatives passed a resolution overturning the SEC's announcement on cryptocurrency accounting standards, with a vote of 228-182, showing clear partisan divisions. The announcement requires banks to record customer cryptocurrency assets as liabilities, causing industry controversy and concerns that it may hinder services. Republicans support the resolution, but the White House has stated that the President will veto the move, fearing it may cause financial instability. Democrats accuse the move of potentially weakening the SEC's authority. The resolution will now go to the Senate for review, facing more partisan controversy. -
Rwanda’s central bank continues to advance retail CBDC project
The National Bank of Rwanda (BNR) has opened its just-completed feasibility study on retail central bank digital currency (CBDC) to solicit public opinion. BNR is considering launching a national digital currency that combines technological innovation and is suitable for local conditions. -
Hong Kong Securities and Futures Commission: The public should beware of Quantum AI’s suspected fraudulent activities related to virtual assets
Hong Kong Securities and Futures Commission warned the public to beware of Quantum AI's alleged involvement in virtual asset-related fraud. It is reported that Quantum AI claims to use its related artificial intelligence technology to provide cryptocurrency trading services. The Securities and Futures Commission suspects that Quantum AI used deepfake videos and photos made by artificial intelligence, impersonating Mr. Elon Musk, on its website and social media to deceive the public into thinking that Mr. Musk is the developer of Quantum AI's related technology. The Hong Kong Police Force has responded to the Securities and Futures Commission's request and taken action to block Quantum AI's website and remove its related social media pages. Although the police have taken action, the public should beware that scammers may continue to establish websites and social media pages with similar domain names. -
Brazil considers purchases of cryptocurrencies from foreign crypto exchanges as imports, with crypto purchases reaching $14.84 billion in the past 12 months
Brazil's purchase of cryptocurrency from foreign cryptocurrency exchanges is considered an import, breaking records and adding weight to Brazil's trade balance. In the past 12 months, the amount of cryptocurrency purchases reached $14.84 billion, up from $12.3 billion last year. Similarly, cryptocurrency imports in the first quarter of 2024 reached $4.69 billion, an increase of 118% compared to the first quarter of 2023. In March, cryptocurrency purchases rose to $1.751 billion. (Bitcoin.com) -
Canada Revenue Agency to Chase Crypto Tax Evaders for $39.5 Million in Suspected Unpaid Taxes
According to the Canada Revenue Agency (CRA), nearly 400 audits have been launched to curb cryptocurrency tax evasion, with the aim of recovering CAD 54 million (approximately USD 39.5 million) in suspected unpaid taxes. -
Brazil to Treat Foreign Crypto Purchases from Crypto Exchanges as Imports
Brazil will consider purchasing cryptocurrency from foreign exchanges as imports, breaking its previous record and adding weight to Brazil's trade balance. In the past 12 months, cryptocurrency purchases have reached $14.84 billion, up from $12.3 billion last year. Similarly, in the first quarter of 2024, cryptocurrency imports reached $4.69 billion, a 118% increase from the first quarter of 2023. -
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
-
SEC breaks from past policy guidelines in Uniswap crackdown
The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
Daily Must-Read
-
What are tokenized commodities?
-
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
-
More than half of the Fortune 100 uses Apple’s Vision Pro headset
-
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
-
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
-
BlackRock's BUIDL becomes the world’s largest tokenized treasury fund
All Comments