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Regulations
3AC Seeks Contempt of Court Ruling on Founder Kyle Davies for Failing to Respond
Ignoring a subpoena warrants a fine of $10,000 per day, the estate of his hedge fund argues

Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report
The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.

U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now
Sam Bankman-Fried moved to dismiss most of the charges brought against him last month.

Binance.US, SEC Ordered to Start Negotiations Wednesday Amid Asset Freeze Tussle
A U.S. federal judge on Tuesday rebuffed SEC's request to order a freeze on Binance.US' assets – provided the parties could agree on limits.

Australia's Crypto Industry Body Denounces Recent Banking Restrictions
Blockchain Australia said it wants to tackle the issue "head-on by using real data," following reports that banks in the country were blocking payments to crypto exchanges.

Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday
The move follows a Tuesday ruling from a Delaware court.

Sam Bankman-Fried Can Contest Extra DOJ Charges, Bahamas Supreme Court Says
The FTX founder pleaded not guilty to fraud in the U.S. after being extradited from the Caribbean country.

SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months
The U.S. Securities and Exchange Commission (SEC) hasn't made a decision on whether it will respond to Coinbase's petition for rulemaking and its enforcement action against the crypto trading platform isn't inconsistent with any decision on rulemaking, the regulator said Tuesday.

U.S. Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now
The federal judge ordered the Securities and Exchange Commission and Binance lawyers to keep negotiating about limits on the company, reporting back to her by Thursday.

U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private
As the Treasury Department studies a possible central bank digital currency, senior official Graham Steele says the effort is looking at privacy, but is also wary of CBDC run risks.
