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CFTC Overreached in Suing Binance, Crypto Exchange Says
The U.S. Commodity Futures Trading Commission (CFTC) is reaching beyond its jurisdiction in trying to sue Binance, the global crypto exchange said in a motion to dismiss the regulator's lawsuit against it.
Justice Department Revamps Crypto Enforcement Team
The National Cryptocurrency Enforcement Team will become a permanent fixture of a section of the agency that investigates computer-related crimes.
House Republicans Push for New Crypto Rules After Ripple Decision
(Bloomberg) -- Key Republican members of the US House of Representatives formally unveiled a bill to establish rules for oversight of crypto markets in the wake of a recent court ruling that is viewed by some observers as favorable for the sector. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIWhat a UPS Strike Would Mean For Consumers, Businesses and the EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomA $500 Billion Corporate-D
How the Celsius Affair Plays Into the U.S. Crypto Regulatory Debate
The arrest of the crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector.
An Arrest, a Ruling, a Rally: Crypto’s Wild Day in the Courts
(Bloomberg) -- It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud. Most Read from BloombergEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsHow Much Income You Need to Crack America's Richest 1%Fund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Seriou
Ex-Celsius CEO Mashinsky Charged in Latest DOJ Crypto Case
(Bloomberg) -- The former chief executive officer of bankrupt crypto lender Celsius Network Ltd. was charged with fraud and sued by three regulatory agencies over the company’s collapse.Most Read from BloombergFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolInflation at 3% Flags End of Emergency, Turni
Regulators Sue Bankrupt Crypto Lender Celsius, CEO Alex Mashinsky
Three federal regulators sued collapsed crypto lender Celsius Network and its founder Alex Mashinsky on Thursday, alleging the company defrauded investors. Mashinsky was arrested early Thursday morning in New York. The lawsuits, filed in Manhattan federal court, came from the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Binance Key Executives, Many US Employees Leave Crypto Exchange Amid Crackdown
(Bloomberg) -- Key Binance executives who have been helping the world’s biggest cryptocurrency exchange navigate a widening regulatory crisis including US allegations of fraud are leaving the company along with many of its US employees, according to people familiar with the matter.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg