The SEC pushed back against Binance and Binance.US’s motion to dismiss the suit it brought earlier this summer, saying the motion relies on “distorted” and “tortured” interpretations of both federal law and precedents. The SEC first sued Binance in June, a day before suing Coinbase, arguing both companies offered unregistered securities to the investing public (the Binance suit included some other allegations).
Bitcoin (BTC) U.S. ETFs Bleed Over Half a Billion Dollars Despite Fed Chair Jerome Powell Ruling Out Rate Hike
On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT's $36.9 million. Other...