Browsing: Regulation News

Binance agreed to pay $4.3 billion to settle a US criminal case in 2023. Less than three years later, federal prosecutors are checking whether the world’s largest crypto exchange broke the terms of that deal. Tysen Duva, head of the Justice Department’s Criminal Division, confirmed to Bloomberg on October 9 that officials are reviewing Binance’s…

The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC). The October 2 complaint alleges the OCC lacks the power to charter non-fiduciary crypto firms as national trust banks. The lawsuit was filed in federal court in Washington, D.C. It also names Comptroller Jonathan Gould in his…