Sasha Markevich

The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.

The SEC filed a suit against Binance and its CEO Changpeng Zhao for various alleged securities law violations.

Crypto exchange OKX published its seventh monthly Proof of Reserves, posting a value of $10 billion using a zk-STARK methodology.

Tether and KriptonMarket announced a collaboration which will give small businesses access to stablecoins at the Central Market of Buenos Aires.

Binance.US and CEO Changpeng Zhao are exploring strategies to reduce his majority stake in the company to ease tension between Binance and U.S. regulators and continue operations in the region.

At the Dubai Fintech Summit many executives expressed their discontent with the US crypto regulation and gave credits to the UAE legal framework. Coinbase CEO even suggested that the UAE could serve as an international crypto hub for Coinbase.

Recently SEC was legally obliged to respond to Coinbase's writ of mandamus. Meanwhile, the regulator deleted a possible first-ever definition of digital asset from its rule and the exchange started an open letter to Congress to support pro-crypto legislation.

Coinbase announced the launch of a new platform called Coinbase International Exchange, which enables institutional users outside of the US to trade ethereum and bitcoin perpetual futures.