Department of Justice News

According to Kaiko Research, Bybit experienced a rise in market share around the clock, whereas Coinbase witnessed significant growth outside of the United States trading hours.

Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning?

Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud.

BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.

According to U.S. sentencing guidelines, CZ could receive a 12–18 month sentence, but the Department of Justice is willing to fight for a longer term.

Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.

Jesse Powell sees CZ’s and Binance’s legal proceedings as a positive change, as “going after the most egregious offenders offshore would require effort.”

U.S. prosecutors are pushing for CZ to stay in the country, saying they “would not be able to secure his return” if he’s allowed back to Dubai.

Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion.

Changpeng Zhao is out at Binance, but his company lives on. That suggests tacit affirmation from the Biden administration of the crypto industry’s legitimacy.

Teng’s tenure will focus on three aspects of the business as CEO: reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said.

Community members compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, as its CEO was also forced to step down.

United States government agencies spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.

Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the U.S. Department of Justice’s $4.3 billion settlement with Binance.

Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.