China’s securities regulator said it would seek closer communication with its U.S. counterpart to address the issues related to Chinese companies listed in New York. “As growing numbers of companies, investors, and financial services providers are participating in each other’s markets, strengthening regulatory cooperation is the inevitable path,” the China Securities Regulatory Commission said...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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