Hinmann documents unsealed in Ripple vs. SEC case, Binance faces more regulatory headwinds | Weekly recap
During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete freeze of its assets. The SEC also remained in the spotlight as a bill to remove chairperson Gary Gensler advanced through Congress. Significant developments also occurred in the SEC vs. Ripple case, as previously undisclosed internal emails about the Bill Hinman’s 2018 speech were publicly disclosed. Binance faces international regulatory challenges After being accused by the United States Securities and Exchange Commission (SEC) of potential violations of federal securities laws, Binance faced additional challenges on the regulatory front, extending beyond the United States. The Cyprus arm of t...