CRYPTO POLICY

Kwon's legal team said that the SEC's request to question the TFL co-founder in the U.S. before Oct. 13 is impossible because he is currently detained in Montenegro without any scheduled release or date of extradition.

The CEO of Cake DeFi claimed Tether had restricted certain Singapore-based customers from redeeming the stablecoin due to altered terms of service, though this policy change had been in effect since 2020.

The price of Bitcoin immediately dropped following the announcement by the SEC.

The judge's decision was a part of a series of his rulings in a 16-page pretrial order Tuesday where he formalized the evidence admissible in court during Bankman-Fried's fraud trial next month.

In the months since his empire collapsed, Bankman-Fried has been throwing Caroline Ellison under the bus.

The lawsuit, filed last week in the United States Bankruptcy Court for the District of Delaware, alleged that Salameda was actually controlled by Bankman-Fried and the defendants took part in the fraudulent withdrawal of assets from FTX in the days leading to the filing of Chapter 11 bankruptcy in November 2022.

Menendez is a popular name within the cryptocurrency community and his latest indictment is a stark contrast to his position toward Bitcoin, the world's first-ever crypto asset.

Bybit made a similar announcement in May, informing its customers in Canada of the suspension of its operation in the country due to "recent regulatory development."

The decision of the 2nd U.S. Circuit Court of Appeals in Manhattan means that Bankman-Fried will stay in prison until his trial starts on Oct. 3.

The brief clip also recorded the SEC chairman saying that the crypto industry was rife with non-compliance, a statement that seemed to have become his mantra over these past weeks.

Judge Kaplan said SBF's defense can try to put some of the expert witnesses on the stand, but the DOJ can still object to it.

Crypto investor Jenny first learned about digital assets at a Hong Kong store that promoted cryptocurrency exchange JPEX in March -- but by September she was among more than 2,000 "inexperienced" victims police said the platform had defrauded.

Ramaswamy spoke about the SEC rulings and the potential of blockchain technology to disrupt the world of traditional finance. He also shared plans to release a "comprehensive crypto policy framework" by Thanksgiving.

Jonathan Miller, Kraken's managing director for Australia, said he was surprised by the Australian Securities and Investments Commission's (ASIC) move as Bit Trade was complying with the regulations.

Aditya Baradwaj's latest revelations center on the 2021 market flash crash that sent the $65,000 trading price of Bitcoin to just $8,000.

The FTX Group claimed Sam Bankman-Fried's parents misappropriated millions, including one instance where Allan Joseph Bankman "directed more than $5.5 million in FTX group donations to his employer, Stanford University."

The FTX lawsuit intends to "recover millions of dollars in fraudulently transferred and misappropriated funds.''

The delisting of the 25 crypto assets from the NYDFS' greenlist means the tokens no longer have the approval of the agency and could also negatively impact the value of the delisted crypto asset, which is usually the case in the cryptocurrency industry.

The American arm of Binance had a peak trading volume of $86 million in August, but it dipped to just $115.7 million through Sept. 15, data revealed.

"I'm broke and wearing an ankle monitor and one of the most hated people in the world," Bankman-Fried wrote, adding, "There will probably never be anything I can do to make my lifetime impact net positive."

Last month, Dubai's VARA fined Zhu Su and Kyle Davies 200,000 UAE dirhams (around $54,000) each over violations of the region's digital asset marketing and advertising regulations.

While Binance.US continues to fight its legal battle against the case filed by the U.S. SEC, two more executives are leaving the exchange amid a series of layoffs and departures.

Genesis was once a major derivatives trading desk but it was hit hard by the spectacular implosion of Three Arrows Capita and Sam Bankman-Fried's FTX last year.

Cohen-Pavron and Mashinsky were accused of several criminal allegations in July, including casing out their personal holdings before the crypto lending firm collapsed.

Initially, FTX debtors were required to provide the U.S. Department of Justice with 10 days' notice before selling the assets, but the exchange later agreed with the U.S. Trustee to keep crypto sales private, so it won't significantly impact market prices.

The judge's decision came after weeks of back-and-forth court filings about whether the co-founder of the now-bankrupt crypto empire FTX would be released from jail ahead of his trial.

SEC Chairman Gary Gensler also mentioned the agency's accomplishments over the past year, adding it was the "cop to beat" when it came to watching out for the consumer's interest.

Historically, September has always been the worst month for Bitcoin, with the king of crypto averaging a 6% decline in its value in the said month from 2010 until 2022.

Solana is facing new challenges. Despite surviving the massive price drop caused by FTX's implosion in November, its current value is now threatened by the same crypto empire that wants to repay its creditors.