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Cruz emphasizes that the Federal Reserve must not overstep its bounds, stating that the CBDC Anti-Surveillance State Act will ensure it doesn't morph into a retail bank or use a CBDC as a tool for monetary control. The bill also demands that any issuance of a CBDC requires explicit approval from Congress.
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๐ US Court of Appeals Reverses Lower Courtโs Ruling in Favor of Binance
๐ก Reviving Hope for U.S. Binance Users Seeking Justice
In a significant turn of events, the US Court of Appeals has breathed new life into the legal battle between American users and Binance. The higher court's decision gives hope to those who feel they were wronged by the popular cryptocurrency exchange.
๐ผ Section 29(b) and the Battle for Jurisdiction
The crux of the matter lies in whether the claims made by these users fall under the purview of US securities law or if they can be dismissed as an "impermissible extraterritorial application." Section 29(b) of the Securities and Exchange Act of 1934 takes center stage, as both sides vie for jurisdiction.
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In a significant turn of events, the US Court of Appeals has breathed new life into the legal battle between American users and Binance. The higher court's decision gives hope to those who feel they were wronged by the popular cryptocurrency exchange.
The crux of the matter lies in whether the claims made by these users fall under the purview of US securities law or if they can be dismissed as an "impermissible extraterritorial application." Section 29(b) of the Securities and Exchange Act of 1934 takes center stage, as both sides vie for jurisdiction.
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๐ Why choose convertible bonds? This financing option offers a win-win scenario for investors seeking both income stability and potential growth opportunities. By allowing bondholders to convert their holdings into company stock, Coinbase can attract funds at potentially lower interest rates compared to traditional debt financing.
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