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SEC Dodges To Take Position On “Security’ Issue In Binance Case

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Also Read: XRP Lawyer Settles Debate On XRP As Security advertisement SEC Refuses Take Position Paul Grewal, Chief Legal Officer for Coinbase mentioned that while reviewing a transcript of Binance’s hearing before Judge Jackson, he spotted the US SEC’s puzzling legal strategy. As per the transcription, the court asked the SEC about the defendants trading tokens that are not considered as securities. So, are the rest of the tokens security or not? SEC Counsel dodged the question stating that it is reserving its right as they are still at the pleading stage. It is required to get into the discovery phase where a full assessment can be done around the categorisation. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto...

Binance’s CZ Conveys His Intention to Aid Twitter in Entering Web3

Binance is one of the largest cryptocurrency exchanges in the world. It has also proved to be one of the most robust businesses to seamlessly ride the “crypto winter”. The firm has also been expanding and investing heavily in other businesses. CZ Binance also invested $500 million in Elon Musk’s Twitter acquisition. Speaking on CNBC’s Squawk Box, CZ conveyed his willingness to help Twitter enter Web3 when they are ready to do so. CZ also spoke about the Twitter deal and why he decided to invest in it. JUST IN: #Binance ceo says he wants to help Elon Musk bring Twitter into Web3. — Watcher.Guru (@WatcherGuru) October 31, 2022 CZ highlighted that Twitter is a “free speech platform” Speaking on several reasons for aiding in concluding the deal, CZ highlights that Twitter is a free-speech platform. He also added that he wants to support strong entrepreneurs and believes that Elon Musk is one of them. Binance’s CEO also m...