The latest request from Bankman-Fried's camp followed Judge Kaplan's approval that he would be allowed access to his depression and ADHD medications.
Grayscale filed a lawsuit against the SEC in June 2022 after its spot bitcoin ETF proposal was rejected, but it is now looking to expand its ETF team amid a looming decision by the SEC on ether futures-based ETFs.
The Virtual Assets Regulatory Authority (VARA) fined OPNX 10,000,000 UAE dirhams ($2.7 million) and its executives 200,000 UAE dirhams (around $54,000) each for violations.
The exchange filed the protective order in response to the SEC's lawsuit, which was filed on Monday.
The DOJ alleged that Bankman-Fried "misappropriated and embezzled FTX customer deposits" and used the funds for a variety of purposes, including political funding.
"This Amicus Brief delivers the coup de grace to the SEC's argument that crypto tokens trading on secondary markets are investment contracts," James Murphy of Vanderbilt Law said in reference to the brief filed by the legal scholars.
"The case reached public notoriety in recent weeks due to the procedure of scanning the face and iris of numerous people in exchange for economic compensation in different parts of the Autonomous City of Buenos Aires and the provinces of Buenos Aires, Córdoba, Mendoza and Black river," the AAIP said in its announcement.
Galaxy Digital CEO Michael Novogratz previously said insiders within BlackRock and Invesco think the SEC's approval for spot Bitcoin ETF is a matter of "when" and "not if." He added the decision might be pushed back by four to six months.
Bittrex and the SEC reached a settlement amounting to $24 million, consisting of $14.4 million in disgorgement, $5.6 million in civil money penalties and $4 million in prejudgment interest on the disgorgement.
Ryan Salame, former co-CEO of FTX Digital Markets, is reportedly in discussions with federal prosecutors about a guilty plea for criminal charges.
It appears that the DOJ is not yet done with the embattled crypto mogul when it comes to charging him with campaign finance violations. The department said prosecutors will include the alleged illegal finance scheme in another charge.
The exchange's latest feat in El Salvador becomes its 18th registration in the global market, including countries like France, Italy, Spain, Sweden and Dubai.
The U.S. SEC is poised to announce its decision on spot Bitcoin ETF applications this month, potentially this week, indicating an imminent approval.
One of the main focuses of the supposed investigation is the $1.1 billion promissory note, which, according to Silbert, resulted from DCG assuming liabilities from Genesis. The latter suffered significantly because of the implosion of Three Arrows Capital, a bankrupt crypto hedge fund business.
KuCoin assured users that during the period when the platform will undergo the upgrade, the security of customers' funds in their KuCoin accounts will not be affected. But the platform urged its users to "complete the standard user identity verification (KYC) as soon as possible."
Following this major legal victory, Bitfinex and Tether reasserted that they are committed to protecting and upholding users' interests as well as those of the community.
Even as Gensler now wants to prioritize AI, it does not mean the SEC will no longer hover over the cryptocurrency industry.
KuCoin said in a statement that the decision was made due to its "evolving business strategy."
In the wake of Terra's implosion, the blockchain firm said it had exhausted nearly all of its reserves in an attempt to defend the UST stablecoin peg, but a new set of recently uncovered details about wallets linked to TFL and Kwon contradicted the company's previous public statements.
Binance announced its Dubai subsidiary was the first exchange to get the Operational Minimum Viable Product license issued by Dubai's Virtual Asset Regulatory Authority.
Armstrong's claim predates the lawsuit filed by the SEC against his crypto business.
Accounting firms gained the spotlight last year when the crypto empire FTX spectacularly imploded, and several crypto exchange platforms hired accounting firms to come up with their proof-of-reserves to assure crypto investors their funds are safe.
The bill was advanced after a 13-hour markup, making it the second major piece of crypto legislation to pass the Committee this week.
"Now I'm a Bitcoin owner, and I'm sure they'll now find a different way to come at me, but no one can say I didn't put my money where my mouth is," Kennedy Jr. explained.
Gensler has become a prominent figure in the nascent cryptocurrency industry this year, as his agency, the SEC, has executed a series of regulatory enforcement actions that caused shockwaves in the crypto market.
The U.S. prosecutors surprisingly announced Wednesday that they were dropping the lawsuit against Bankman-Fried, citing the country's treaty obligations to The Bahamas, the country to which Bankman-Fried was extradited in December 2022.
Both Binance and Coinbase are among the world's largest centralized cryptocurrency exchange platforms by trading volume.
Ripple Labs' chief legal officer Stuart Alderoty said that the court's decision regarding the classification of XRP as a security could potentially impact other ongoing cases with similar themes. This includes the lawsuit filed by the financial regulator against Coinbase and Binance.
While Russia is now on its way to roll out its CBDC, the U.S. Federal Reserve last week launched an instant payment service, called FedNow, which was met with skepticism that it would replace dollar with a potential CBDC.
Sam Bankman-Fried's legal team, in its response to the gag order, requested the court to extend the media gag order to include possible witnesses in the case, including the current CEO of FTX, John Ray III.
