What Happened on June. 12th | A Big Week Ahead

TI Research

Pending appeals and asset freeze hearings for Binance and Coinbase are due to take place this week.

Last week, the US Securities and Exchange Commission (SEC) asked the court to issue a temporary restraining order to freeze assets related to Binance.US. There are two important points in time regarding the SEC's proceedings against Binance US:

  • The deadline for Binance and Binance.US to respond to the SEC's application for a temporary restraining order "freezing assets" is 12 June;
  • The hearing on the restraining order is scheduled for 13 June at 2:00 pm ET.

Meanwhile, last week the US Court of Appeals for the Third Circuit has ordered the US Securities and Exchange Commission (SEC) to clarify its position on a rulemaking petition filed by cryptocurrency exchange Coinbase within seven days.

In April, Coinbase filed an Administrative Procedure Act challenge asking the court to force the SEC to respond by having the regulator respond to its 2022 petition for formal rulemaking in the digital asset space, arguing that existing requirements are not appropriate for digital assets.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers

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Policy and Regulation


TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

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