The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf.
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SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.
Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations.
Related: SEC sues Coinbase for breaking US securities rules
In a case document filed with the District Court on June 7, the SEC requested alternative service. It explains its evident stance that typical service (which requires the presence and signature of the person being served) might prove difficult in this case:
“Binance and Zhao are not the typical foreign entity and individual, as they are widely known for disagreeing with the premise of a headquarters or domicile, let alone identifying one, and Zhao is famously protective of revealing his whereabouts.”
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf.
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf.
De-dollarization: Is it really happening?
In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications.
US court rejects Fed's motion to dismiss Custodia Bank case
Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account.
Bitcoin, Ethereum to shake off 'toothless adversary' SEC as FOMC looms
Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.
In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.
Related: Why is Bitcoin price stuck?
QCP Capital: U.S. crypto "mudslinging" to continue
The dust is continuing to settle on this week’s main macro stories — lawsuits against exchanges Binance and Coinbase from the U.S. Securities and Exchange Commission (SEC).
More upheaval will come in future, QCP believes, as the macro environment from next week onward becomes much more unpredictable.
Bitcoin, Ethereum to shake off 'toothless adversary' SEC as FOMC looms
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility.
Bitcoin, Ethereum to shake off 'toothless adversary' SEC as FOMC looms
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility.
Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms
Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.
In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.
Related: Why is Bitcoin price stuck?
QCP Capital: U.S. crypto “mudslinging” to continue
The dust is continuing to settle on this week’s main macro stories — lawsuits against exchanges Binance and Coinbase from the U.S. Securities and Exchange Commission.
More upheaval will come in the future, QCP believes, as the macro environment from next week onward becomes much more unpredictable.
Crypto.com suspends US institutional exchange service
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions.
Crypto.com suspends US institutional exchange service
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions.
Binance VP of Marketing: crypto needs to 'double down' on community support
Rachel Conlan, the new VP of Marketing at Binance, says that “critical” times in the industry call for major companies to emphasize community, clarity and simplicity.
US House committee releases new stablecoin bill draft
The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto legislation in the United States.
Nifty News: Kraken NFT exits beta, Coinbase 'Stand with Crypto' gains support, and more
A Bitcoin inscription service aims to compete with Ordinals by offering smart contracts and larger file sizes.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes fully into force by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
US senators propose AI bills for transparency and innovation
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation.
Bitcoin price can gain 60% if 'textbook' chart pattern confirms — Trader
Bitcoin is attempting to cement an inverse head and shoulders pattern, success in which could spark a "sprint" to $40,000.