Crypto.com’s Legal Offensive: Fighting Back Against SEC’s Expanding Jurisdiction
Crypto.com has filed a lawsuit against the SEC, accusing the regulator of overstepping its authority by classifying digital assets as securities. This legal action marks a significant moment in the ongoing conflict between crypto firms and U.S. regulators, as it could reshape the future of crypto regulation.
Crypto’s Biggest Bankruptcy Nears Resolution: FTX to Refund Creditors But Faces Opposition Over Payment...
Two years after its collapse, FTX's $16.5 billion payout plan has been approved, but disputes arise over whether creditors should be paid in cash or cryptocurrency. The plan aims to repay 98% of customers, though the tax implications of cash payments remain contentious
MiCA Compliance: Coinbase Prepares to Transform Stablecoin Offerings in Europe
Coinbase will delist non-compliant stablecoins in Europe by December 2024, including possibly USDT, to comply with MiCA regulations. This move will shift users toward compliant alternatives like USDC, reshaping the stablecoin landscape across the EU.
Competition Heats Up: Binance’s Decline Paves the Way for Rivals
Binance's market share has dropped to approximately 36.6%, presenting rival exchanges with a prime opportunity to capture users. As regulatory pressures mount and trading volumes decline, competitors like Crypto.com are enhancing their offerings to attract former Binance traders.
FTX Creditors Express Outrage Over Post-Vote Changes as Shareholders Secure $230M Payout
FTX creditors are furious after post-vote changes to the reorganization plan revealed a $230 million payout for shareholders. Many feel misled, questioning the fairness of the process as their own repayments are set to be significantly reduced.