A Massive Day For Crypto in the Courts
The Breakdown
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The SEC's Emergency Application to Freeze Binance US Assets
The SEC has run up against its deadline to explain to the court why it shouldn't be held to a particular timeline for conducting crypto rulemaking. Binance filed their defense ahead of today's injunction hearing in that case. Today will likely prove to be one of the most consequential days in the history of the US blockchain community buckle up and pray the judicial system helps provide relief for US users tomorrow so for today we're going to focus on Binance as we do have some updates in that case beforehand.
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