Court
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The court approved the settlement agreement between Binance and the Commodity Futures Trading Commission (CFTC).
Binance founder Changpeng Zhao will have to pay a fine of $150 million, and Binance will have to pay $1.35 billion. The exchange will also reimburse $1.35 billion in illegally obtained trading fees.
Binance also commits to implementing a corporate structure: a board of directors, a compliance committee, and an audit committee.#court #fine
Binance founder Changpeng Zhao will have to pay a fine of $150 million, and Binance will have to pay $1.35 billion. The exchange will also reimburse $1.35 billion in illegally obtained trading fees.
Binance also commits to implementing a corporate structure: a board of directors, a compliance committee, and an audit committee.#court #fine
Coinbase won a lawsuit over crypto transactions. 🪙🎉
Coinbase, a leading cryptocurrency exchange, has won a lawsuit against the Securities Exchange Act, confirming that secondary sales of cryptocurrencies on its platform do not violate the Act. 📝
The case involved a nationwide group of people who traded tokens on Coinbase from October 8, 2019, to March 11, 2022. 🗓️
The plaintiffs claimed Coinbase's actions amounted to offering and selling unregistered securities and violating securities laws. 🔐
Coinbase argued that secondary crypto-asset sales did not meet securities transaction criteria. 🔂
The court overturned some lower court decisions while upholding others. The ruling is seen as a step forward in holding crypto platforms accountable under securities laws and promoting investor protection in the evolving crypto space. 🪙
#exchange #court #BullorBear
Coinbase, a leading cryptocurrency exchange, has won a lawsuit against the Securities Exchange Act, confirming that secondary sales of cryptocurrencies on its platform do not violate the Act. 📝
The case involved a nationwide group of people who traded tokens on Coinbase from October 8, 2019, to March 11, 2022. 🗓️
The plaintiffs claimed Coinbase's actions amounted to offering and selling unregistered securities and violating securities laws. 🔐
Coinbase argued that secondary crypto-asset sales did not meet securities transaction criteria. 🔂
The court overturned some lower court decisions while upholding others. The ruling is seen as a step forward in holding crypto platforms accountable under securities laws and promoting investor protection in the evolving crypto space. 🪙
#exchange #court #BullorBear
You should be prepared tomorrow.
Its the turning point for Ripples XRP due to the Courts Decision.
The ruling wether XRP is a security or not will make or break the asset completely.
Be prepared to Stop Loss or Lose it all, or to buy in time - depending on the ruling.
#xrp #sec #court #pump #dump
$XRP $SOL $BTC
Its the turning point for Ripples XRP due to the Courts Decision.
The ruling wether XRP is a security or not will make or break the asset completely.
Be prepared to Stop Loss or Lose it all, or to buy in time - depending on the ruling.
#xrp #sec #court #pump #dump
$XRP $SOL $BTC
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Those accused of the NFT scam worth $3 million appeared in court
#Crypto_Century #NFT #ape #court
$APE
Three suspects in a large scam involving the Evolved Apes NFT collection worth $3 million were charged with wire fraud and money laundering. We are talking about a case from 2021, when the anonymous developer of the Evolved Apes NFT collection disappeared along with investors’ money. Previously, in just a week, he and his accomplices collected more than $2.9 million on air, promising to develop a fighting game for their community. However, these plans were never destined to come true, because the development team emptied the project’s wallet, took all 798 ethers, deleted the account on the social network and closed official website.
$APE
Three suspects in a large scam involving the Evolved Apes NFT collection worth $3 million were charged with wire fraud and money laundering. We are talking about a case from 2021, when the anonymous developer of the Evolved Apes NFT collection disappeared along with investors’ money. Previously, in just a week, he and his accomplices collected more than $2.9 million on air, promising to develop a fighting game for their community. However, these plans were never destined to come true, because the development team emptied the project’s wallet, took all 798 ethers, deleted the account on the social network and closed official website.