Binance’s $4.3 Billion Deal Receives Approval: Focus Turns to CZ’s Sentencing Hearing

U.S. District Judge Richard Jones sanctioned the agreement between Binance, the U.S. Department of Justice, and the Commodity Futures Trading Commission. This crucial decision solidifies Binance’s commitment to a $4.3 billion penalty, marking a significant chapter in the company’s legal history. Legal Evaluation At yesterday’s penalty hearing in Seattle, Judge Jones delivered a clear message:…

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Binance vs. SEC Lawsuit: Escalating Tensions and Ongoing Developments

The legal battle between Binance and U.S. regulators continues to intensify, with Binance.US recently laying off approximately one-third of its staff amidst legal proceedings. The U.S. Securities and Exchange Commission (SEC) claims that Binance failed to provide adequate documentation despite agreeing to expedited discovery. SEC’s Allegations The organization responsible for Binance’s U.S. subsidiary, BAM Trading…

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