The recent Supreme Court decisions curtail the SEC's regulatory and enforcement powers over the cryptocurrency sector. These rulings emphasize the need for clear congressional authorization for these kinds of regulatory actions.

Current disputes cover asset custody at Binance.US, Terraform Labs' legal fees and staking programs on Kraken. The industry has demanded clear and concise rules while challenging the SEC's overly stringent enforcement actions.

The prosecutors claimed that the huge penalty was appropriate given the severity and intentional nature of the crime.

Despite the recent agreement between Binance and several U.S. authorities, the SEC is still targeting Binance.US for alleged FTX-style fraud.

Good news: euro payments, deposits and withdrawals have been restored. Bad news: the Head of Binance U.K. has now left the building, Visa and Mastercard have terminated their Binance Card partnerships.

Binance.US has updated its Terms of Use to remove support for USD deposits and withdrawals. Meanwhile the global exchange has stopped accepting new users in the U.K.

After Binance.US canceled a one billion dollar deal with Voyager Digital, the troubled company has decided to wind down and distribute its remaining assets. However, the customers will initially receive only a part of these funds.

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.