The suit alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance."
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.
The bill is awaiting presidential approval.
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
The government has said it won't extend certain regulatory exemptions reserved for foreign TradFi firms to crypto, potentially making it tougher for companies to enter the mar...
Sam Bankman-Fried's trial ended, in the words of his defense attorney, "gradually, then suddenly."
The Financial Conduct Authority on Monday published a discussion paper with proposals for a stablecoin regime.
The U.S. Treasury Department has blocked Sinbad.io, a crypto mixing service, from the global dollar financial system on allegations it supported transactions tied to North Korea's infamous hacking group.