Analysis
Exchanges
Court rejects SEC request to freeze Binance.US assets, approves agreement to expedite case
Judge Amy Jackson approved the agreement but rejected the SEC's request to freeze Binance.US' assets using a temporary restraining order.
Stablecoins
NYAG releases documents detailing Tether’s exposure to Chinese securities in 2021
The NYAG released the documents under a Freedom of Information Law (FOIL) request made by CoinDesk after Tether dropped its opposition to the requests.
Legal
Prosecutors withdraw 5 charges against Sam Bankman-Fried to ensure trial proceeds on schedule
Federal prosecutors chose to withdraw charges that were not part of SBF's extradition request after the Bahamas raised concerns over them that could delay the trial.
Bankruptcy
Celsius seeks to convert altcoins to BTC, ETH in updated bankruptcy plan
If the bankruptcy court approves the plan, Celsius will begin converting all altcoins that are not designated for Withhold or Custody accounts on July 1.
Legal
Court allows bankrupt crypto exchange Bittrex to resume customer withdrawals
A Delaware bankruptcy court ruled in favor of the company's plan and rejected the Department of Justice's (DOJ) motion to block it on June 14.
Banking
Blockchain Australia says banking restrictions will have ‘costly side effects’
Unveiling Blockchain Australia's strategies to tackle scams and address banking restrictions impacting the cryptocurrency sector.
Legal
Genesis Trading files updated reorganization plan
Under the new plan, DCG and Three Arrows Capital claimants will be treated as unsecured creditors.
Regulation
Crypto industry speaks out against SEC’s attempt to conflate DeFi with centralized exchanges
Advocates and lobbyists argue that the sector cannot be regulated using current regulatory frameworks used for stock exchanges and needs a comprehensive set of new rules.
Legal
Galaxy Digital wins dismissal of BitGo lawsuit, looks to non-US markets amid ‘legislative stalemate’
BitGo had argued that the agreement was terminated before it was intended to end and is owed damages under the termination fee clause.
Technology
Buterin says Ethereum needs 3 critical transitions to ensure its survival
Ethereum's roadmap to maturity: tackling Layer-2 scaling, wallet security, and privacy challenges head-on.
Legal
Robinhood pulls the plug on MATIC, SOL, ADA amid SEC crackdown
Users were advised to sell or transfer their holdings before the deadline, at which point the tokens will be automatically sold and converted to buying power on the app.
Legal
Coinbase legal chief Paul Grewal says SEC ‘misread the law’
Paul Grewal said that once a federal judge versed in such matters presides over the case in court, they will come to the same conclusion