Binance.US CEO Brian Shroder is on the outs, with general counsel Norman Reed stepping up to replace him

A Binance.US spokesperson cited the SEC’s actions as having real-world consequences on American jobs and innovation

Binance.US operators claims the SEC is being “unreasonable” with its requests

Coinbase delisting all assets except bitcoin would have effectively spelled “the end of the crypto industry in the US,” CEO told the FT

There are no fresh dollars flowing into Binance.US these days, which makes for odd fiat prices across major cryptocurrencies

Bitcoin is eyeing a return to $30,000 — but traders on Binance.US have been shown a very different price

A federal judge set a Jun. 15 deadline for the SEC and Binance.US to resolve the matter, a bid to avoid damaging crypto markets

The exchange warned customers to withdraw USD funds by June 13

The SEC seeks to prevent defendants from “destroying, altering or concealing relevant records”

While Voyager’s estate is worth $1.3 billion, it is still waiting to claw back funds from Three Arrows Capital and FTX

Binance said the decision was influenced by a variety of factors, including regulatory standing in the US and changes in a token’s risk profile

Coinbase still maintains the highest US trading volumes with close to 50% of the market share, but it’s a far cry from where the exchange once was

SEC officials initially opposed the Voyager plan, alleging Binance.US operates an unregistered securities exchange. Now, the DOJ is here

“Specifically, like virtually every other crypto exchange, we did not have proper KYC in place at launch,” Binance spokesperson says

The deal, which has raised the concerns of at least two US regulators, is pending approval by a New York judge

But will BlockFi customers want to do business with centralized exchanges after the FTX debacle?

JPMorgan Chase hires executive director of digital assets regulatory policy despite CEO’s jabs at space

The Algorand Foundation adds two executives, including former JPMorgan veteran

The move puts pressure on other crypto exchanges to follow suit

The investigation comes amid a separate report by Reuters alleging Binance facilitated $2.35 billion in illicit funds between 2017 and 2020

Binance.US is now available in Idaho, making the exchange accessible in 46 states

Exchange taps former Ally Bank and Morgan Stanley executive to build out government affairs unit

The exchange has secured licenses in three states this year: Connecticut, West Virginia and Wyoming

Investors in the funding round include VanEck, Circle Ventures, RRE Ventures and Foundation Capital

Three years after its launch, Binance.US is one state closer to reaching US-wide approval, but regulatory hurdles remain