The SEC doesn’t have it all its own way in a court struggle with Binance.US and faces more media pressure.
Once again, the United States Securities and Exchange Commission (SEC) became the week’s headliner. Its intention to freeze the entirety of Binance.US’s assets got a reality check from U.S. district court Judge Amy Berman Jackson, who advised the regulator and the crypto exchange to negotiate a deal bilaterally.
The resulting agreement outlines measures for Binance.US to prevent any access by Binance officials to private keys of wallets, hardware wallets or root access to Binance.US’s Amazon Web Services tools. Additionally, the U.S.-based crypto trading platform will disclose comprehensive information on business expenses, including estimated costs, in the coming weeks.
Stay in the know on crypto by frequently visiting Crypto News Today
Meanwhile, documents finally released publicly last week confirm that back in 2018, SEC employees were concerned that the speech of one of the regulator’s top executives, Bill Hinman, might undermine the idea that Ether is security. Sticking with 2018, a newly resurfaced video of the now SEC Chair Gary Gensler is also doing a massive disservice to him. In a 2018 speech from an event hosted by Bloomberg for institutional investors, Gensler confidently states: “Over 70% of the crypto market is Bitcoin
Gensler’s life will surely not be easy in the near future, as Representative Warren Davidson has introduced the SEC Stabilization Act to the U.S. House of Representatives. One of the bill’s main provisions is to fire “a tyrannical Chairman” — a position that Gensler currently occupies. However, as history shows, firing the SEC’s chair might not be easy for Congress.
Read More at COINTELEGRAPH
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
