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A US District Judge has rejected SEC’s request for an inspection of Binance US documents. Binance US stood firm on its stance calling the regulatory watchdog’s request “overboard”. SEC’s request sought access to documentation and communication with the exchange’s custodial service providers. Binance US, the American branch of the world’s largest cryptocurrency exchange, Binance , achieved a significant victory today amidst ongoing scrutiny. The exchange has been under intense scrutiny ever since the US Securities and Exchange Commission (SEC) initiated a lawsuit against it. This situation led to a decline in trading volume and the departure of key executives from the company. The SEC’s request for an investigation into the exchange, was denied earlier today by the court. What is the SEC investigating Binance US for? The SEC’s argument hinged on the assertion that Ceffu, a custody platform, was, in reali...

US House To Markup Crypto Bills The US House Financial Services Committee to markup H.R. 4763, the “Financial Innovation and Technology for the 21st Century Act”, H.R. 1747, the “Blockchain Regulatory Certainty Act” and H.R. 2969, the “Financial Technology Protection Act of 2023.” advertisement The bills define when a crypto is a security or a commodity, establish a regime for stablecoins regulation, and clarity over US SEC and CFTC jurisdiction and oversight. It will follow a full vote by the House of Representatives and forward to the Democrats-led Senate for approval of a regulatory framework for crypto in the US. This will be another milestone for the crypto industry after Ripple’s partial win against the US SEC. Kristin Smith, CEO of the Blockchain Association, said: “Obviously we’ve had some important decisions come from the courts in the past, but this is by far the most significant legislative moment ...