EU regulatory agencies inquire about the continued operation of Binance

Lan Fo'an, Minister of Finance, said that the financial department will study and formulate targeted incremental policies to expand effective domestic demand and support the smooth operation of the economy through measures such as accelerating the progress of expenditure, coordinating treasury bond funds and supplementing capital of financial enterprises, including issuing 300 billion yuan of special treasury bond to support the central financial enterprises to supplement core tier one capital.

Judge Jennifer L. Rochon of the Southern District of New York dismissed the class action lawsuit against Hayden Davis, Kelsier Ventures, and former CEO of Meteora, Ben Chow, and others related to the issuance of LIBRA and M3M3 tokens, and refused to allow the plaintiff to amend the lawsuit again. The court held that the plaintiff failed to prove that Meteora constituted an unincorporated organization that could be sued, the RICO charges against the relevant defendants did not meet the legal requirements of sustained criminal activity, and the fraud charges against Ben Chow did not meet the standard of proof. The court ruling was based solely on litigation claims and legal requirements, and did not make a factual judgment on whether there was market manipulation or fraud in the issuance process of LIBRA or M3M3.

OKX-ETH/USDT is currently trading at $2700, with a 5-minute increase of 0.10%. Please be aware of market fluctuations.

A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away.

Binance failed to obtain the EU MiCA license this summer and continues to use reverse solicitation legal exemptions to serve EU clients. The European Securities and Markets Authority and regulatory agencies in France, Germany, Greece and other countries are reviewing Binance's use of this exemption, and some regulatory agencies have requested Binance to provide information. EU regulations require unlicensed cryptocurrency companies to exit EU operations from July 1st. Binance stated that it complies with regulatory requirements in the place of operation and is striving to obtain MiCA authorization. (Source: Financial Times)