Binance.US halts dollar deposits, Robinhood delists tokens after…

But the blows against Binance and Coinbase hit the industry with an accusation that stung: some crypto currencies are securities that must be traded under strict rules and not an alternative to dollars, yen or euros and outside the reach of regulators.

on alleged violations of securities laws.

Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance.

“Although we maintain that the SEC’s request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms,” the spokesperson said via email.

(Reporting by John McCrank in New York Editing by Michelle Price, Chizu Nomiyama and Matthew Lewis)

Coinbase Chief Executive Brian Armstrong, an outspoken SEC critic who has led a push in Washington for clearer crypto rules, on Wednesday hit back at Gensler, calling him an “outlier” among Washington policymakers and accusing him of being “icy” when the company approached him about registration.

Bitcoin has gained nearly 25% in value since BlackRock’s filing.

It rose as high as $31,458 on Friday, the highest level since June 7, 2022, and was last up 3.29% at $30,872.

Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session’s lows.

The regulator’s heightened scrutiny of crypto firms comes in response to the industry’s failure to comply with the agency’s regulations, SEC enforcement director Gurbir Grewal said at a Rutgers University and Lowenstein Sandler LLP event in New York.

The SEC’s filing also said between January and March this year, multiple Binance bank accounts then wired over $162 million offshore to a foreign account belonging to a Singapore company beneficially owned by Binance’s back office manager, Guangying Chen, a close associate of Zhao.

June 16 (Reuters) – Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance.

“Crypto will be regulated soon with the new Market in Crypto Assets Regulation but this legislation does not apply to the social media companies benefiting from the advertising of crypto at the expense of consumers,” BEUC Director General Monique Goyens said in a statement.

The company said on Friday however that it has received registration in other European Union countries, including France, Italy, Spain, Poland, Sweden and Lithuania, and will continue to operate there.

Last week, Binance was sued by the U.S.

Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S.

The world’s largest asset manager will be using Coinbase Custody – an offline storage solution for digital assets – for the ETF, 币安注册方法 and the crypto exchange’s spot market data for pricing, the report added.

The investigation is about “the unauthorised practice of the profession of virtual assets service provider” and “aggravated money-laundering,” the prosecutor’s office said in a statement.

PARIS, June 22 (Reuters) – CACEIS, the asset servicing business owned by Credit Agricole and Santander , has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.

“We would not be surprised to see more lawsuits from the U.S. regulators, and possibly the Department of Justice, in the next few weeks,” said Scott Freeman, co-founder of JST Digital, a financial services firm focusing on digital assets.

“We wish to see from regulators a bit more proactive guidance and legislation rather than regulation by enforcement,” said Paolo Ardoino, chief technology officer at Bitfinex, a cryptocurrency trading company that was fined by another US regulator, the CFTC, in 2021.

Spooked by Washington’s push, Crypto investor Derek Boirun, who founded Realio, a company mixing real estate and blockchain, posted a “Why I’m leaving the US” piece at website Medium.

The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm’s general partners, Sriram Krishnan.