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The SEC's court filing alleges that the quantitative trading firm, whose executives face multiple fraud charges, maintained a significant relationship with the company's U.S. affiliate.
The U.S. needs a dedicated Digital Assets Commission to navigate the complex crypto landscape and foster innovation amidst regulatory challenges.
Siu said the firm's strategy has been to primarily focus on non-U.S. markets due to the "blockchain-hostile" approach of regulators in the country.
Although recent regulatory enforcement actions have bypassed Bitcoin, Balaji Srinivasan believes this will change soon enough.
Crypto firms face advertising risk warnings, referral bans, and a 24-hour cooling off period under new FCA rules.
Ark Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.
SEC chair Gary Gensler offered to serve as an advisor to Binance and kept in contact with CEO Changpeng Zhao, lawyers for the company say.
The SEC alleged that at least 13 cryptocurrencies listed by Coinbase are securities. CLO Paul Grewal (below) said the exchange doesn't plan to delist any.
Recent SEC cases against Coinbase and Binance will not affect operations, IOG said.
