Regulators

Regulators

Binance Lays Off Dozens of Employees With Plans To Trim US Workforce Amid Regulatory Pressure

The world’s largest crypto exchange by trading volume is reportedly downsizing amid mounting pressure from federal investigations. The Wall Street Journal reports that Binance already terminated dozens of its employees last week, some of whom were told their jobs were redundant while others were let go ...Read More

How Washington allowed bank CEOs to pocket huge bonuses amid failure

The 44-page PowerPoint presentation to federal banking regulators was clear and direct: Letting companies pay their chief executives in stock that the CEOs could sell while still working for the companies risked disaster. Years of research showed that the existing structure for paying Wall ...Read More

Bittrex crypto exchange shutters US operations due to regulatory uncertainty

“Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” Bittrex Chief Executive Officer Richie Lai wrote in the statement, explaining that such an environment has made operating in the U.S. unfeasible. The exchange said that trading ...Read More