On July 31, Ripple released its Q2 2023 XRP Markets Report, focusing on critical highlights, including Judge Torres’ significant summary judgment ruling, clarifying misconceptions, and providing insights into Ripple’s XRP holdings.īesides Garlinghouse’s criticism, XRP lawyer John Deaton strongly disapproves of the SEC’s use of these reports as evidence against the company and its executives in the ongoing lawsuit. While the company remains committed to transparency, he hinted that future reports might undergo some changes. However, Garlinghouse revealed that these reports were later turned against Ripple in the SEC’s lawsuit. The reports were initially introduced to enhance transparency in the cryptocurrency industry by voluntarily offering updates on Ripple’s XRP holdings. 2, Ripple CEO Brad Garlinghouse expressed his disapproval of the United States Securities and Exchange Commission (SEC) for using Ripple’s quarterly XRP Markets Report as evidence against the company in the ongoing lawsuit. Ripple CEO Brad Garlinghouse disapproves of SEC’s use of XRP markets report Securities and Exchange Commission (SEC) filed another lawsuit, accusing Binance of benefiting at the expense of investors.ĭespite these developments, Binance has not officially commented on the reported discussions. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and Zhao on March 27, alleging trading violations. regulators, Binance and its CEO, Changpeng Zhao, have become targets of legal action. Shroder expressed concerns that a sudden shutdown would adversely affect users, who would be compelled to move or liquidate their assets quickly.įacing increased scrutiny from U.S. However, a unanimous decision could not be reached, as Binance.US CEO Brian Shroder opposed the idea. While Binance declined to comment on the matter, anonymous sources cited by a tech media outlet revealed that the board of directors at Binance.US initiated a vote to liquidate the company. entity, Binance.US, to safeguard its global operations. armīinance, the popular crypto trading platform, has reportedly faced internal discussions about potentially shuttering its U.S. Quick weekly news Binance CEO reportedly considered shutting down U.S. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram. We have brought together the past week’s most exciting events in this Good Crypto digest.
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