In breaking crypto news, the SEC’s request to inspect Binance US software has been declined by a federal magistrate judge, marking another setback for the SEC in its ongoing battle against the crypto industry. The SEC had accused Binance US of slow document production, while Binance US argued that the SEC’s requests were overly broad and burdensome. The judge suggested that the SEC should come up with more specific requests and engage with additional witnesses. This decision adds to a series of recent losses for the SEC in its legal actions against crypto companies, and it highlights the ongoing regulatory challenges and battles within the crypto space, particularly in the United States, where some lawmakers are advocating for stricter crypto regulations.
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Intro 00:00
The Crypto war is for real 00:45
Binance SEC breaking news 2:50
SEC has some losses vs. crypto 5:40
https://www.axios.com/2023/09/18/new-york-list-cryptocurrencies-nydfs
https://www.theblock.co/post/251610/judge-asks-binance-us-and-sec-to-simmer-down-in-dispute-over-documents?utm_source=twitter&utm_medium=social
https://www.bloomberg.com/news/articles/2023-09-18/sec-fails-to-win-immediate-inspection-of-crypto-exchange-binance-us-software?srnd=premium#xj4y7vzkg
https://www.coindesk.com/policy/2023/09/18/i-just-want-to-keep-things-moving-judge-makes-no-ruling-in-sec-binance-document-dispute/
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40 Comments
Thanks for the news Dan 👍🏻
I think you're exactly right!
You don't have to be a republican but you cannot be a Democrat
PS thanks for the updates and bringing information to light
Theyre trying
You are spot on CCV. It's not going to matter in a few years. I don't see how any rules can regulate crypto currency without also regulating everything else that people buy expecting it to go up in value. Beanie babies, baseball cards, watches, and how about Kickstarter projects that offer people rewards for early support. Also, is there a definition of crypto currency? I'll bet any definition they come up with will pull in a lot of stuff that is currently not regulated and it will be argued in court that it's unequal regulation to do this to cryptocurrency only, a similar argument that was used in court to argue that the SEC cannot deny Bitcoin ETFs since it already approved a Bitcoin spot ETF. Cryptocurrency is not currency! It's just an online game. Until the government actually considers it real money (and doesn't tax it when it is spent like regular currency) then it should not fall under the laws about currency, or securities or even commodities. It's numbers in a computer. That's all it is.
SEC is a swamp that has been draining, Gary is so corrupt
Joe Biden was never in control. People act like he's pulling the strings.
This is you at your best. 🎉
FIRE GARY ALREADY
They will if we don't stop those natzies!
Right on brother
Awesome. May Biden Bullies be busted out, and broken down, before they succeed in their Marxist reset.
I'm glad you feel this way. And I know we don't really want to get political. But these turds need to go. If that c******* gets elected again or cheated his way in again we're doomed.
Spiritual war. Biden wolf in sheep clothing.
Woo hoo! Suck it Gensler 😂
Sec sucks😂
The Demonrats gotta go!
I don't think there stupid. I do think they have a plan that only the insiders know. I believe by 2025 the bull run will be on and I'm just DCAing until then. Screw Gensler
Biden, Gensler ,Warren destroying crypto in US. I hope blockchain companies completely migrates to Asia, and boosts jobs and commerce there.
Dan, Sec stacking losses and crypto holders are stacking losses (in the red!) who’s really winning
These losses show clearly how the SEC is just a big bully who is now being called out.
I am grateful for CZ and Binance who is sticking up for not only their rights but for all of ours as well.
SEC is just the Jackel thug trying to protect the banking cartel monopoly that has been robbing us blind for 100 years!
Get rid of Gary. G, CRYPTO needs to happen.
The courts need to inspect Gary Gensler bank accounts. Follow the money.
So the SEC gets upset over tactics that it uses itself over and over…..lol….hypocrisy at its finest
And Janet Yellen
The cryptocurrency landscape is gearing up for a significant infusion of capital, particularly with the anticipated approval of ETFs and the readiness of Ripple's XRP for mainstream adoption. As traditional fiat currencies wane due to inflationary policies, digital currencies are increasingly seen as a more reliable and rewarding investment. Given Ripple's efficient transaction platform and the likely surge of trillions into the crypto market, there's never been a better time to trade. I've personally benefited from following Cassey Filmore’s trading tactics, amassing 17 bitcoins in a short two-month period, which speaks volumes about her expertise.
warren needs to be investigated..lock n load
They want to inspect a US compliant company, yet Geinsler visits FTX and lets it run rampant
trust God. He will give you wisdom if you ask for it. ✝
F the SEC and the Biden administration
The US oligarchy would rather rule ashes than lose control.
Hi Dan! Woooow! This is serious news, but… Have you heard how MASSIVE Liqwid Finance is going to be in the near future??? 😃 (your daily reminder)
So they want to know how the software works hmmm. Maybe those guys at the NYSE need to figure it out or they want to know those accounts that were used. IDK something fishy there though.
You have a real talent for storytelling. 📖
NY is becoming CA, pack up and leave
Agree with you 100% on your tweet!
Love it. SEC didn't produce documents during the Ripple case, now complains when others do the same. 😅
SEC might have failed in court more times than I can’t count, but even a stopped clock is right twice a day. It’s only a matter of time. Will be on the sidelines watching.