According to the US Securities and Exchange Commission (SEC), they are still looking for evidence to determine whether Binance and its founder CZ have a backdoor to control assets stored on the Binance.US platform.

Odaily Planet Daily News According to a letter submitted to the New York Eastern District Court by the US SEC, the SEC formally requested the Finnish Ministry of Justice to serve legal documents to Pulsechain, PulseX, and Hex founder Richard Schuele (also known as Richard Heart) and to deliver them to Hex, PulseChain, and PulseX through him on August 22, 2023. However, the SEC has not yet received a confirmation of delivery of the complaint to Richard Schuele. SEC lawyers will report on their delivery efforts to the court before December 15th. If delivery has not been made by then, they will apply for alternative delivery.

Andrei Jikh, a financial influencer, has warned that if the US Securities and Exchange Commission (SEC) investigation into Binance reveals widespread fraudulent activity, it could delay the approval of a Bitcoin ETF. This could make the SEC more cautious, concerned about market risk and instability.

On November 26th, the official website of the US Securities and Exchange Commission (SEC) disclosed two memorandums.One memorandum shows that on November 20th Eastern Time, the SEC discussed the proposed rule changes for the listing and trading of Grayscale Bitcoin Trust ETF with Grayscale.<br>The other memorandum shows that on the same day, the SEC held a meeting with BlackRock, the world's largest asset management company, to discuss proposed rule changes for the listing and trading of iShares Bitcoin Trust ETF. The memorandum shows two ETF redemption methods: In-Kind Redemption Model or In-Cash Redemption Model. In-Kind Redemption Model means that the final redemption is the Bitcoin shares held by the ETF, while In-Cash Redemption replaces Bitcoin shares with equivalent cash. Bloomberg ETF analyst James Seyffart tweeted that BlackRock seems to prefer the former. <br>

Whale | Dinobet.io stated on X platform that Richard Heart, the founder of Hex who was accused of fraud, is evading the investigation of the US SEC. There are rumors that he recently fled from Finland to Russia.

The US Securities and Exchange Commission (SEC) has accused Kraken, a San Francisco-based crypto exchange, of operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has made hundreds of millions of dollars "unlawfully facilitating the buying and selling of crypto asset securities." Wyoming Senator Cynthia Lummis, a noted crypto supporter, criticized the SEC's action, calling it an example of "ruling by enforcement." Lummis has previously called for a federal digital asset regulation bill to pass in the US early next year.

Coinbase argued in a letter to the US Third Circuit Court of Appeals on Wednesday that the SEC has been continuously "delaying" in its ongoing efforts to seek new regulations. Coinbase lawyer Eugene Scalia stated in the letter, "Only an order from this court will prompt the Commission to act." He believes that the latest information provided by the SEC to the court only promises further action without providing more information on its progress. After submitting a petition last year requesting regulatory agencies to draft new rules for digital assets, Coinbase sued the SEC in April. The SEC stated in June that it needed about four months to respond to Coinbase's request.

On November 22nd, according to the notice published on the official website of the US Securities and Exchange Commission (SEC), SEC will hold a closed-door meeting at 2:15 pm on November 30th, 2023. The meeting will be held at the SEC headquarters or remotely.<br>The main agenda of the meeting includes: bringing and resolving injunction actions, bringing and resolving administrative proceedings, resolving litigation claims, matters related to litigation, and other matters related to examination and enforcement procedures. According to the analysis of the crypto community, the US Securities and Exchange Commission may study settlement solutions in recent crypto litigation cases, such as the Ripple case, at this closed-door meeting.

According to discussions within the community regarding SEC's regulatory actions, Binance co-founder He Yi stated that SEC is a civil lawsuit and it will take time to fight it out, just like Ripple. Earlier reports indicated that Binance reached a historic settlement with US regulators, and He Yi emphasized on X platform that US regulators did not accuse Binance of misusing user funds or participating in market manipulation. Binance will continue to strengthen its compliance measures and build and develop its platform. In addition, He Yi stated in the community, "Our early compliance was not good enough, and we had to suffer the consequences of our mistakes. Binance did not touch user funds or manipulate the market. Being compliant is being a good kid. This is not just about Binance. There was BitMEX before, now it's Binance, and there will be more to come. Now it's the compliant Binance, and a new chapter is opening."

On November 21, based on "Fed Watch" data from the CME, the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in December is 100%, while the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 0%.The Federal Reserve will release the minutes of the November monetary policy meeting at 03:00 Beijing time on November 22.