Tag: CT

The U.S. SEC plays a central role in the global crypto industry. Following the approval of the ETFs, further important clarifications are pending. The SEC lawsuits against prominent crypto exchanges Binance and Coinbase are landmark cases with transformative implications for the crypto industry. These legal battles hinge on crucial issues surrounding the definition of security tokens and the regulatory obligations of token issuers and exchanges.

Crypto founder Sam Bankman-Fried (SBF) is facing fraud charges but he isn't the only one in the crypto industry under scrutiny. Recent data led the Bloomberg Billionaires Index to reduce its revenue estimate for the crypto exchange Binance by 38%, which took away $11.9 billion from the wealth of Binance's founder, Changpeng Zhao (CZ), also known as CZ, leaving him with $17.2 billion.