However, Binance’s saga continues, as it did not settle with the SEC. The case, focused on allegations of operating as an unregistered broker-dealer, is poised to move forward in 2024. The SEC, fortified by Binance’s plea agreement, seeks to undermine motions to dismiss the case, asserting that the exchange knowingly violated U.S. law.
FTX Fallout: Bankman-Fried’s Legal Odyssey
The swift trial of FTX CEO Sam Bankman-Fried in 2023 raised the curtain on a legal drama that lingers into 2024. As sentencing looms in March, the aftermath involves contentious battles over assets, insurance repayments, and the fate of FTX businesses in bankruptcy. Bankman-Fried’s legal team signals a potential appeal, promising to vigorously contest charges in the face of an uncertain future.
As the crypto world braces for these legal showdowns, the year 2024 promises to be a defining chapter in the industry’s regulatory narrative.
