Crypto custodian Prime Trust has been issued a directive from the Nevada Department of Business and Industry that requires it to suspend fiat and digital asset deposits and withdrawals.
The House Financial Services Committee is due to start debating two proposed laws in the second week of July that seek to create a distinct path for digital assets to transition from security investments to commodities with lower reporting and regulatory requirements.
The FDIC has accused OKCoin of making misleading statements about deposit insurance.
The Texas Securities Board (USA) has issued an order for Abra to cease operations immediately due to accusations of securities fraud.
Binance.US has seen a sharp decline in its market share in the US, dropping to the lowest level in two years with only 2.7% of exchange volume.
Binance.US has responded to the US Securities and Exchange Commission’s (SEC) emergency request to freeze the exchange’s assets.
Following the announcement of the SEC charges against Binance, the exchange has seen a decrease of 10,500 bitcoins in its bitcoin balance.
