The majority of the SEC's case against Binance and its CEO, Changpeng Zhao, will proceed following a judge's ruling. The case, centered on regulatory compliance and alleged deceptive practices, marks a significant moment for the cryptocurrency industry.
Billionaire Peter Thiel's outlook on Bitcoin has become more cautious, suggesting limited price growth due to market saturation and regulatory scrutiny. Despite this, he remains a supporter of cryptocurrencies.
In a move to combat tax evasion, the US Treasury has finalized rules requiring cryptocurrency platforms to report user transactions to the IRS. This regulation aims to enhance transparency and ensure tax compliance, affecting major exchanges and payment processors.
