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Binance's efforts to dismiss a U.S. Securities and Exchange Commission (SEC) lawsuit do not have a basis in the law, the federal regulator said in a filing Wednesday. This comes after the SEC first sued Binance in June, a day before suing Coinbase, arguing both companies offered unregistered securities to the investing public. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De gives the latest update.

9 nov. 2023

Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Laura Douglas, senior associate at international law firm Clifford Chance, weighs in on the move. "This is really the next stage of the U.K.'s plan to regulate stablecoins and crypto assets more generally," Douglas said. "It's something the industry has been waiting for, for quite some time."

7 nov. 2023

PayPal received a subpoena from the SEC recently, requesting documentation about its stablecoin PYUSD. Columbia Business School adjunct professor and former Paxos head of portfolio management Austin Campbell discusses the agency's latest move, explaining why he thinks this is a "pretty transparent attempt at intimidation and a power grab, especially against another U.S. regulator." Plus, Campbell's reaction to FTX founder Sam Bankman-Fried's guilty verdict and the outlook for the crypto industry.

6 nov. 2023

Sam Bankman-Fried's fate was finally decided by 12 jurors Thursday night. After deliberating for a little over 4 hours, the FTX founder was found guilty on all seven counts for his role in the crypto exchange's implosion. Ford O'Brien Landy LLP partner Kevin J. O’Brien shares his legal analysis of the trial and subsequent verdict, explaining why Bankman-Fried could serve "something in the neighborhood of 15 years" in prison.

3 nov. 2023

Omar Ochoa Law Firm founder, Omar Ochoa, joins "First Mover" to discuss the latest developments in Sam Bankman-Fried's criminal trial, along with his predictions, as closing arguments are expected to begin on Wednesday. The FTX founder was the last witness from both the defense and the prosecution.

1 nov. 2023

FTX founder Sam Bankman-Fried is taking the stand again Tuesday for more cross-examination in his criminal trial. Katten partner and co-chair for the firm's financial markets and regulation practice group Dan Davis discusses his take on the latest legal proceedings and the impact on the U.S. crypto regulatory landscape. "I think any regulator and any person in Congress wants to make sure what happened with FTX does not happen again," Davis said.

31 oct. 2023

Sam Bankman-Fried's testimony began on Thursday without the jury present. Bryan Cave Leighton Paisner LLP partner Renato Mariotti discusses the latest developments surrounding the criminal trial as the FTX founder is expected to take the stand again Friday. "SBF basically told the world everything on his mind regarding this case...prosecutors essentially have a collection of his greatest hits," Mariotti said.

27 oct. 2023

Rapid gains in bitcoin (BTC) are taking a bit of a breather, following renewed excitement around a U.S.-based spot bitcoin ETF approval. OANDA senior market analyst for the Americas Edward Moya discusses his crypto markets analysis, along with the differences between big money and retail investors. "The institutional interest has definitely percolated," adding that retail investors are "still licking their wounds from FTX."

25 oct. 2023

FTX floated an amended proposal to return up to 90% of creditor holdings held at the exchange before it imploded last November. The debtors' group will formally file the plan by December 16. Eversheds Sutherland partner and co-global head of corporate crime and investigations Sarah Paul discusses the latest developments. Eversheds Sutherland represents the ad hoc committee of non-U.S. customers of FTX.com.

23 oct. 2023

Bitcoin (BTC) is trading around $28,200 after a false report about the Securities and Exchange Commission (SEC) approving the first spot bitcoin ETF pushed the price of the world's largest crypto by market cap to $30,000 Monday. Path Trading Partners co-founder and chief market strategist Bob Iaccino discusses his crypto markets analysis and the implications of a spot bitcoin ETF approval in the U.S.

17 oct. 2023