The Latest Breaking News from Binance

Gensler has since that Zhao and Binance "engaged in an extensive web of deception."

Yellen said she would still like to see Congress plug the remaining holes in crypto regulation.

The US Securities and Exchange Commission filed separate complaints against the two crypto giants within 24 hours. The two cases are however very different.

Coinbase CEO Brian Armstrong said he was “disappointed” by the SEC’s actions, arguing they were “not good for America.”

The SEC chair's crusade against Coinbase and savvy politicking could mean the end of crypto companies in the U.S.

Another ambitious crypto bill is stalled by landmark SEC lawsuits against Binance and Coinbase.

Stock futures slip lower as China data, growth worries weigh; Bank of Canada rate decision in focus as Fed meeting looms; Boeing extends slide following new 787 Dreamliner delays; SEC crypto crackdown intensifies with new Binance move and Campbell Soup earnings on deck with pricing power in focus.

America's top markets regulator sues Coinbase for operating as an unregistered securities broker a day after filing similar charges against Binance. Chinese exports drop sharply, and the World Bank warns that slow global growth and high interest rates are creating a debt crisis in developing economies.

Shares are mixed in Asia after a listless day on Wall Street amid a vacuum of market-moving data

'I'm glad I'm not a shareholder of Binance," the legendary investor told TheStreet, as the world's largest crypto platform and its CEO are accused of commingling customer funds.

The move, a day after it sued Binance and its founder, are part of SEC’s push to assert control over crypto markets.