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Read more - Binance founder and CEO plead guilty to federal charges | Opinion
Channeling Marie Antionette “Let them eat cake” may have been the famous last words of Binance’s compliance officer before Binance’s guilty plea.

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Read more - Binance outflows reach $1.2b in past 7 days
Following the $4.3 billion fine by the U.S. Department of Justice (DoJ), Binance’s outflow has surpassed the $1 billion mark over the past week. According to data provided by DeFi Llama, Binance witnessed a negative net outflow of $1.2 billion…

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Read more - Binance average daily volume is down by 60% amid DOJ’s $4b fine
Binance trading volume down by over 60% amid U.S. DOJ's $4b fine

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Read more - Opyn co-founders exit following CFTC charges
The co-founders of Opyn stepped down as their defi options protocol faced charges from the Commodity Futures Trading Commission (CFTC) in September. CEO Zubin Koticha revealed today in an X post that he and co-founder Alexis Gauba have chosen to…

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Read more - U.S. House Committee to probe crypto’s role in illicit activities
On Nov. 15, the U.S. House Financial Services Committee will scrutinize cryptocurrency’s role in illicit activities, focusing on money laundering and terrorism funding. The U.S. House of Representatives Financial Services Committee (FSC) is holding a big meeting on Nov. 15…

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Read more - U.S. lawmakers establish CLARITY Act to shutdown federal ties to Chinese blockchain
U.S. Representatives Zach Nunn and Abigail Spanberger have introduced the CLARITY Act of 2023, a bill aimed at prohibiting federal officials from transacting with Chinese blockchain companies to safeguard national security interests.

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Read more - Maine state treasurer to focus on abandoned crypto accounts
The Office of the Maine State Treasurer issued a program evaluation report in November with the intention to prioritize the management of abandoned cryptocurrency accounts.

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Read more - Coinbase council gains 4 to tackle regulatory uncertainty
Coinbase has added four Washington, D.C., heavyweights to examine what ‘consequences will result from regulatory uncertainty.’ Crypto exchange Coinbase has included four national security experts in its Global Advisory Council as regulatory uncertainty in the U.S. looms. According to the…

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Read more - U.S. Treasury urges Congress to act against crypto abuse
During a recent speech, deputy Treasury secretary Wally Adeyemo urged Congress to support the Biden administration’s efforts to tackle the illicit use of crypto. Adeyemo’s latest call to action comes in the wake of concerns that militant groups like Hamas…

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Read more - Circle eyes IPO in 2024 after failure in 2021: Bloomberg
Stablecoin issuer Circle Internet Financial is considering going public, although no final decision has been made yet. USDC issuer Circle Internet Financial Ltd. is weighing an IPO in 2024, three years after the firm announced its plans to go public…

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Read more - Gemini loses second executive amid U.S. legal turmoil
Winklevoss’ Gemini is losing its second executive this year as the firm struggles to expand in the Asia-Pacific region amid legal battles in the U.S. Gemini’s Chief Technology Officer Pravjit Tiwana is leaving the firm after he joined in early…

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Read more - US lawmaker seeks to slash SEC chief’s salary to just $1
U.S. legislator has proposed reducing the annual salary of Securities and Exchange Commission chair Gary Gensler to a mere one dollar. Representative Tim Burchett has put forth an amendment to the Financial Services and General Government (FSGG) bill, proposing to…

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Read more - U.S. attorney says Sam Bankman-Fried’s fraud case is “old as time”
U.S. attorney warns fraudsters that they are not untouchable, following Sam Bankman-Fried's conviction in the old FTX fraud case

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Read more - U.S. authorities to seize $54m in Ethereum connected to narcotics trafficking
The U.S. government has filed a civil forfeiture action to recover $54 million worth of Ethereum (ETH) previously seized from Christopher Castelluzzo

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Read more - Bittrex secures court approval to wind down US operations
Seattle-based cryptocurrency exchange Bittrex has received court approval to proceed with its revised bankruptcy plan, aimed at winding down its operations in the United States. On Sep. 30, Judge Brendan Shannon approved the company’s liquidation plan during a hearing in…

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Read more - Only 7% happy with U.S. financial system, Coinbase reports
New research by Coinbase shows only a tiny percent of U.S. citizens still believe the American Dream is achievable in the current financial environment. Less than 10% of Americans are happy with the nation’s financial system as younger generations become…