Self-custodial wallets retreat? US SEC regulation targets MetaMask
The U.S. Securities and Exchange Commission is turning its regulatory focus to MetaMask, the most widely used Ethereum access point.

The U.S. Securities and Exchange Commission is turning its regulatory focus to MetaMask, the most widely used Ethereum access point.
Since 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
Binance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
Binance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
US bank SoFi strategically exits the crypto sector, emphasising the challenges faced in the volatile market.
Just 3 weeks after announcement of its proposed acquisition of Fortress Trust, Ripple has abandoned the plans. However, Fortress CEO downplayed the significance of the deal's cancellation.
The Fintech Giant is divesting its entire investment.
Paysafe emphasized that it is collaborating with Binance to ensure a fair and orderly process for terminating the service in the coming months. Binance assured users that the change would not affect other fiat currency deposit and withdrawal methods or the trading of cryptocurrencies on its platform.
U.S.-based crypto exchange Coinbase will scale back most of its operations in Japan.