
SEC pushes for court order against Binance US amid ‘uncooperative’ stance
Binance.US had previously sought court protection from the SEC's request for information.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.

The company's head of legal and chief risk officer have resigned, the latest in a wave of resignations from Binance and its affiliated firms.

A spokesperson said the company was winding down trading 'voluntarily and for business reasons.'

Crypto attorney Gabriel Shapiro argued that the CFTC woud be a worse regulator for the crypto industry than the SEC.

Earlier reports suggested that PayPal may have owned the wallet associated with the overpayment, but a spokesperson confirmed Paxos to be behind the transaction.

The company has been granted the opportunity to begin selling certain assets, but only through an intermediary investment manager and with weekly caps on sales.

HTX saw its spot market share jump to 6.3% last month.



