Weekly report from June 12th to 19th:
＊SEC reaches agreement with Binance.US: $BNB
- SEC will not freeze the assets of Binance.US
- Binance.US will block private key access and disclose business expenses
*SEC employees expressed concerns about Ethereum: $ETH
- SEC staff raised concerns about a speech given by Bill Seaman in 2018
- This speech may have undermined the view that Ethereum is considered a security
*Gary Gensler’s 2018 speech resurfaces:
- Gary Gensler confidently claims that Bitcoin, Ethereum, Litecoin and Bitcoin Cash are not securities
- U.S. Rep. Warren Davidson introduces SEC Stabilization Act to fire Gensler
*Hong Kong pressures banks to accept cryptocurrency customers:
- Hong Kong Monetary Authority urges major banks to accept cryptocurrency exchanges as clients
- Hong Kong Monetary Authority requires financial institutions to assist cryptocurrency companies in gaining access to banking services
