As its US expansion plans continue, Binance has announced the resignation of its US executive, Brian Brooks. In a statement, CEO Changpeng Zhao praised Brooks’ work and expressed his commitment to the firm’s US development.
The SEC is looking into approving Ethereum-based Exchange Traded Funds (ETFs) for the US financial market, and according to reports, they may act faster than usual. It remains to be seen if this is the new norm for cryptocurrency-based finance.
The Australian Securities and Investments Commission (ASIC) has announced legal action against online brokerage firm eToro, alleging misleading and deceptive conduct. ASIC is seeking redress for losses suffered by customers who invested in the company’s products.