Coinbase CEO Brian retweeted the NFT logo action for Guardian Crypto Assets, where participants can cast "Stand with Crypto commemorative NFT" via a three-step link and display the shield on Twitter. The initiator standwithcrypto.eth states that the shield NFT itself does not have any value and is only used as a logo and participants should not believe any investment rumors.

Coinbase CEO says they're "proud to represent the industry in court" against the SEC to clarify crypto rules.  

Ripple CEO says SEC Chair Gensler's "pro-innovation" stance is "exactly the opposite."  

Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC) for allegedly violating US securities laws. The SEC has filed 13 charges against Binance, accusing the exchange of mishandling customer funds and lying to regulators and investors about its operations.

The SEC has filed a lawsuit against Binance and its CEO for allegedly lying to regulators about operations and conducting unregistered offers and sales of securities to US investors. The agency's stance on certain crypto assets being securities has caused a stir in the industry. The SEC considers Binance's BNB and BUSD tokens, as well as other assets traded on the exchange, to be securities offered as investment contracts. The filing includes 53 pages of context on 12 specific crypto assets, highlighting the SEC's stance that most cryptocurrencies (excluding Bitcoin) are securities.

Changpeng Zhao, CEO of Binance, has stated that the exchange's systems are stable and that withdrawals and deposits are processing as normal, despite the recent lawsuit filed against the company by the US Securities and Exchange Commission (SEC). In a tweet, Zhao said that the team is standing by and awaiting the complaint, as the media has received information before the exchange has. He also stated that Binance will issue a response once they have seen the complaint.

Ripple has announced the appointment of Warren Jenson, a former CFO of Amazon, to its Board of Directors and as Chairperson of the Audit Committee. The move is part of Ripple's strategy to continue expanding its workforce and launching new products. CEO Brad Garlinghouse expressed his excitement about Jenson's appointment, stating that his expertise in transparency and trust will be a valuable resource for the company. Despite the ongoing SEC lawsuit and the challenges of the Crypto Winter, Ripple has continued to make notable moves towards expanding its operations, including the recent acquisition of Swiss-based digital asset firm Metaco for $250 million.

Sam Bankman-Fried, the former CEO and founder of FTX, has filed a motion to dismiss 10 out of 13 charges against him, including wire fraud and conspiracy to commit money laundering. Bankman-Fried is currently under house arrest at his parent's home in Palo Alto, California, and is facing additional suits by the SEC and CFTC over similar charges. While his attorneys seek to dismiss some charges, they did not appeal three charges, including conspiracy to commit securities fraud and conspiracy to commit money laundering. Bankman-Fried's legal battle could be prolonged, and two of his former colleagues have already pled guilty to federal criminal charges in relation to the FTX collapse.

Former CEO of Paxful, Ray Youssef, has informed users of the peer-to-peer bitcoin marketplace that he is no longer in control and cannot vouch for anything happening on the platform. Youssef also disclosed that he has been banned from the platform. He urged users to trust no one and stated that he will soon provide an update about a trust set up to make any frozen funds whole. Paxful has also tweeted that they are taking steps to solve functionality issues and are aware that some users' accounts are mistakenly banned.

Coinbase CEO Brian Armstrong's security benefits cost the company $6.3 million last year, more than triple the previous year's cost, according to a recent SEC disclosure. Armstrong's total compensation for 2022 was $7.5 million, with a flat salary of $1 million and the rest going towards security and legal costs. The CEO's wealth also comes from his holdings and sales of the company stock, with nearly $57 million in option awards and 39 million shares worth around $2.4 billion. Despite the CEO's compensation increase of 134% from the previous year, Coinbase reported a fifth consecutive quarter of losses, with $79 million in losses and a decline in total revenue to $772.5 million.