Daily Archives: November 24, 2023, 9:55 am

Why The Binance DOJ/FinCEN/CFTC Actions Are a Huge SEC Victory (Even Though the SEC Was AWOL From The Plea Party) | John Reed Stark, LinkedIn

Gary Gensler and Gurbir Grewal, where were you yesterday? We missed your smiling faces . . . Conspicuously absent from yesterday’s blockbuster press conference announcing the Binance-related settlements, pleas and consent orders with the U.S. Department of Justice, the U.S. Commodity Futures Trading Commission, the U.S. Department of Treasury and the U.S. Financial Crimes Enforcement Network was the U.S. Securities…

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Ramaswamy’s Crypto Deregulation Plan Is Scaring the Industry – Bloomberg

Ramaswamy — who is polling in the single digits — is unlikely to become the 2024 Republican presidential nominee, but he has echoed many policy positions of frontrunner Donald Trump, teeing himself up for a potential high-profile spot in a GOP administration that could have significant sway over crypto. Ramaswamy’s proposal would eliminate many of the few crypto regulations in…

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Binance Penalties Include a Number of Crypto Industry Firsts – WSJ

U.S. regulators’ settlement with the largest cryptocurrency exchange marked a new era in its enforcement efforts in the nascent sector. Some of the penalties imposed on Binance are a first for a cryptocurrency company, with regulators employing powerful measures typically used in the past to rein in major financial institutions. Binance’s penalties include record-breaking civil fines for the Treasury Department,…

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