Shares of Coinbase were last down 1.9% to $53.85.Ĭoinbase did not immediately respond to a request for comment. Binance US Has Been Given a Rhode Island Currency Transmitter License. On Thursday, ratings agency Moody's changed its outlook of Coinbase to "negative" from "stable," citing the potential impact of the SEC's lawsuit. Binance.US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an iterim basis by Chief Legal Officer Norman Reed. The leader in news and information on cryptocurrency, digital assets and the future of money. The Binance and Coinbase SEC lawsuits "introduced a cloud of uncertainty around these assets and, as a result, our team has decided to end support for them," the company tweeted. US will suspend US dollar deposits as its banking partners prepare to pause the channels to withdraw US dollars from. Robinhood said it would be removing those three coins effective June 27. Last modified on Fri 11.20 EDT The crypto company Binance. 12, a day after the departure of CEO Brian Shroder and layoffs of a third of the staff. Shiba Inu is +0.53 in the last 24 hours with a circulating supply of 589,346.91B. SHIB to USD price is updated in real-time. crypto exchanges are likely to be in the firing line as a result of this week's lawsuits, which expand the number of cryptocurrencies that the SEC has identified as securities to include some commonly traded tokens, such as Solana, Cardano and Polygon. Two top executives at Binance.US reportedly left the company Sept. Watts, the Binance spokeswoman, said Binance.US was still expecting to complete a fund-raising round shortly, although she declined to disclose names of possible investors. Binance U.S Announces Successful Restoration of USD Withdrawals. The live price of Shiba Inu is 0.000007 per (SHIB / USD) with a current market cap of 4.38B USD. 'REGULATORY GRAY AREA'Ĭrypto companies started out in a regulatory gray area, but the SEC under Chair Gary Gensler has steadily asserted its jurisdiction over the industry, arguing most tokens are securities and should be subject to the same disclosure rules. EDT (1600 GMT) on Friday, investors had pulled more than $31 million from Binance.US in the prior 24 hours, according to data firm Nansen.īAM Trading, Binance.US's operator, holds customers' funds with California-based Axos Bank, according to a letter from lawyers for BAM Trading to the SEC dated May 26, which was made public by the SEC on Tuesday.Īxos did not immediately respond to a request for comment.īinance.US had struggled to find banking partners after the failure of Signature Bank, the Wall Street Journal reported in April.īinance.US said crypto-denominated trading, deposits, withdrawals and "staking" - where users deposit cryptocurrencies for use in blockchain transactions - would remain fully operational.
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