Tron's Justin Sun Says He's 'Putting Together Solution' for FTX
The #Tron cryptocurrency network's creator and Grenada's ambassador to the #WTO, Justin Sun, tweeted late on Wednesday that he and his team were "putting together a solution" with struggling #cryptocurrency exchange FTX, hours after Binance announced it would not proceed with a deal to acquire the company.
Sun's tweet lacked details that would have indicated whether this fix will save #FTX as a whole or just backstop the Tron-related coins that were traded on the #exchange.
A number of regulatory bodies, including the #SEC, the #CFTC, and the U.S. Department of Justice, have implied that they are looking into or expanding their #investigations into the firm.
The #Tron cryptocurrency network's creator and Grenada's ambassador to the #WTO, Justin Sun, tweeted late on Wednesday that he and his team were "putting together a solution" with struggling #cryptocurrency exchange FTX, hours after Binance announced it would not proceed with a deal to acquire the company.
Sun's tweet lacked details that would have indicated whether this fix will save #FTX as a whole or just backstop the Tron-related coins that were traded on the #exchange.
A number of regulatory bodies, including the #SEC, the #CFTC, and the U.S. Department of Justice, have implied that they are looking into or expanding their #investigations into the firm.
🏦 #Binance, the world's largest crypto exchange, faces a lawsuit from the U.S. #CFTC for offering illegal trading products to U.S. residents.
💼 Binance and CZ filed a motion on Thursday, stating the regulator overreached, used inconsistent theories, and made unsound claims.
🌐 Binance argues that they don't operate in the U.S. and their CEO is based in the UAE, challenging the CFTC's jurisdiction.
⚖️ The legal dispute highlights complexities of #cryptocurrency regulations and jurisdiction matters.
🔒 Binance also faces legal challenges from the SEC and increasing regulatory pressure worldwide.
💼 Binance and CZ filed a motion on Thursday, stating the regulator overreached, used inconsistent theories, and made unsound claims.
🌐 Binance argues that they don't operate in the U.S. and their CEO is based in the UAE, challenging the CFTC's jurisdiction.
⚖️ The legal dispute highlights complexities of #cryptocurrency regulations and jurisdiction matters.
🔒 Binance also faces legal challenges from the SEC and increasing regulatory pressure worldwide.
🚨 BREAKING: #Coinbase just got the GREEN LIGHT for #Bitcoin and #Crypto futures trading in the US
1️⃣ Coinbase gains approval from the NFA and #CFTC, becoming a Futures Commission Merchant (FCM), allowing them to offer crypto futures trading to eligible U.S. customers.
2️⃣ This makes Coinbase the first #crypto-native platform to provide both traditional spot crypto trading and regulated leveraged crypto futures within a single integrated solution, promoting regulation and transparency in the industry.
3️⃣ Coinbase's approval showcases its commitment to high consumer protection standards and its effort to drive growth and participation in the crypto derivatives market, potentially impacting global #cryptotrading volume.
4️⃣ The milestone not only establishes a precedent for regulatory compliance in cryptocurrency trading but also boosts Coinbase's standing as a potential partner for spot #Bitcoin #ETF applications.
1️⃣ Coinbase gains approval from the NFA and #CFTC, becoming a Futures Commission Merchant (FCM), allowing them to offer crypto futures trading to eligible U.S. customers.
2️⃣ This makes Coinbase the first #crypto-native platform to provide both traditional spot crypto trading and regulated leveraged crypto futures within a single integrated solution, promoting regulation and transparency in the industry.
3️⃣ Coinbase's approval showcases its commitment to high consumer protection standards and its effort to drive growth and participation in the crypto derivatives market, potentially impacting global #cryptotrading volume.
4️⃣ The milestone not only establishes a precedent for regulatory compliance in cryptocurrency trading but also boosts Coinbase's standing as a potential partner for spot #Bitcoin #ETF applications.