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Crypto News
Solana Foundation: SOL is ‘Not a Security’
SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.
Binance Says Gensler Once Offered to Be an ‘Informal Advisor’
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.
U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether
The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers.
First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst
ALSO: Stablecoin balances may provide additional insight into price direction.
UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
‘Stand With Crypto’ NFT Spreads Across Crypto Twitter Amid SEC Crackdown
After the SEC announced separate lawsuits against Binance and Coinbase this week, figures across the crypto space have been minting Coinbase’s “Stand with Crypto” NFT to show their support.