Chain News Daily Official TheBitTimes.com

Zhao seeks Trump’s pardon right now as the founder of Binance continues to deal with the ongoing aftermath of his crypto regulation conviction and also the company’s massive $4.3 billion settlement with US authorities. At the time of writing, the former CEO has actually confirmed on Farokh Radio that he has indeed applied for presidential clemency, which contradicts his previous denials about seeking such legal relief. This development has also created quite a bit of concern about legal risks in the cryptocurrency industry and what this might mean for Binance’s future operations. Also Read: XRP Forecasted to Hit $5, Here’s When Trump, Binance And Zhao: Crypto Regulation And Legal Risks Ahead Source: Bitcoin Sistemi Pardon Application Confirmed Changpeng Zhao, also commonly known as CZ in the crypto world, has publicly acknowledged that an application for a presidential pardon related to money laundering charges was submitted by him. During his appearance on Farokh Radi...

Ripple Labs donated $4.9 million to Donald Trump’s January inauguration, just three months before the Securities and Exchange Commission (SEC) began pausing lawsuit appeals and reducing fines against the crypto firm. The details of Ripple’s donation — the second largest after the $5 million handed over by poultry producer Pilgrim’s Pride — were made public on Sunday as part of a filing submitted to the Federal Election Commission. According to a list compiled by publisher Fortune, crypto firms and leaders were responsible for $18 million of the inauguration’s $239 million in donations. Crypto exchange Coinbase and investment firm Galaxy Digital donated $1 million each, while more modest gifts came from Yuga Labs and Consensys, which both donated $100,000 . SEC wants to settle with Ripple, drops Helium case Read more: Bank of America lobbies to dethrone Tether and Circle Earlier this month, the SEC and Ripple filed to pause the regulator...

A US Securities and Exchange Commission (SEC) settlement with eToro is fueling speculation that the regulator has clarified that Ethereum is not a security. The settlement, which required eToro to delist most tokens except Bitcoin, Bitcoin Cash, and Ethereum, is seen by some industry leaders as an implicit acknowledgment by the SEC that ETH is not a security. “They just conceded ETH is not offered as an investment contract security in secondary markets,” said Coinbase’s chief legal officer Paul Grewal in a Sept. 12 post on X. ” But  @SECGov will not explain why ETH and BTC but no others–because they can’t.” They just conceded ETH is not offered as an investment contract security in secondary markets. But @SECGov will not explain why ETH and BTC but no others–because they can't. There is no plan, no framework, no logic, no due process, and certainly no respect for the law. pic.twitter.com/NNzaOtL6wR — paulgrewal.eth (@iamp...

However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.  As per a legal document, FTX Trading and related debtors have formally requested a court mandate to resolve their disagreement with Genesis entities , aiming to settle claims amounting to nearly $176 million. The claims put forth by Genesis entities involve around $176 million in customer claims against FTX Trading and its affiliates. However, FTX creditors expressed discontent and have urged the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. They point to Alameda's transfer of significant FTX customer funds to Genesis in 2022 as a concern. FTX asks court to settle Genesis dispute for a $175 million Genesis claim, the release of a $175 million customer...