Kategori: Politika

“Politika” kategorisi, siyaset dünyasına dair haberleri, analizleri, siyasi partilerin faaliyetlerini, siyasi liderlerin açıklamalarını, seçim süreçlerini, politik gelişmeleri ve diğer politika içeriklerini içerebilir. “Politika” kategorisine dair örnek alt kategoriler aşağıdaki gibi olabilir:

Ulusal Politika: Bir ülkenin iç siyasetine dair haberler, hükümetin ve siyasi partilerin faaliyetleri, yasa tasarıları ve mevzuat süreçleri, devlet politikaları, seçimler, siyasi liderlerin açıklamaları ve politik analizler gibi içerikler sunulabilir.

Uluslararası Politika: Dünya genelindeki politik gelişmelere dair haberler, ülkeler arası ilişkiler, diplomatik faaliyetler, uluslararası anlaşmalar, krizler ve çatışmalar, uluslararası kuruluşlar gibi içerikler sunulabilir.

Siyasi Analizler ve Yorumlar: Siyasi uzmanlar tarafından yapılan analizler, yorumlar, politik süreçlerin ve gelişmelerin derinlemesine ele alındığı içerikler sunulabilir.

Seçim Süreçleri: Genel seçimler, yerel seçimler, referandumlar ve diğer seçim süreçlerine dair haberler, seçim sonuçları, seçim analizleri, seçim kampanyaları gibi içerikler sunulabilir.

Siyasi Partiler ve Siyasi Liderler: Siyasi partilerin faaliyetleri, parti politikaları, liderlik değişiklikleri, siyasi liderlerin açıklamaları, parti içi gelişmeler, seçim stratejileri gibi içerikler sunulabilir.

Siyasi Tarih ve Kurumlar: Politik tarih, siyasi kurumlar, politik ideolojiler, siyasi sistemler ve diğer siyasi konulara dair içerikler sunulabilir.

“Politika” kategorisi, siyasete ilgi duyanlara, politik gelişmeleri takip etmek isteyenlere, siyasi analizler ve yorumlar okumak isteyenlere, seçim süreçlerini takip etmek isteyenlere ve siyasi tarih ve kurumlar hakkında bilgi edinmek isteyenlere yönelik geniş bir içerik sunabilir.

Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore

The proposed agreement still needs judicial sign-off.

Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.

According to the proposed agreement, which still needs sign-off from the federal judge overseeing the case, Binance.US will take steps to make sure that no Binance Holdings (referring to the global exchange) officials have access to private keys for its various wallets, hardware wallets or root access to Binance.US’s Amazon Web Services tools. Moreover, the U.S.-based crypto trading platform will share detailed information about its business expenses, including estimated costs, in the coming weeks.

The proposed deal comes in response to an SEC motion to freeze all of Binance.US’s assets. The regulator said it was concerned that funds could be moved offshore or records destroyed if it was not granted a temporary restraining order (TRO). Binance.US’s attorneys pushed back, saying that freezing all of its assets would amount to the “death penalty.”

Judge Amy Berman Jackson, of the District Court for the District of Columbia, told the parties that it would be better for them to come to an agreement on a proposed stipulation than to have her craft a restraining order, noting that a TRO comes with a two week limit for a more in depth hearing. Two weeks would be insufficient time to prepare, given the more than 4,000 pages of exhibits the parties have already filed, she said during a hearing earlier this week.

Other provisions in the proposed agreement will see Binance.US create new crypto wallets that the global exchange’s employees have no access to, provide additional information to the SEC and agree to an expedited discovery schedule.

U.S.-based customers will still be allowed to withdraw funds during this time.

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Judge Punts on FTX Founder Sam Bankman-Fried’s Efforts to Dismiss Some Charges

A U.S. federal judge in New York revealed skepticism of the arguments from SBF’s defense attorneys in a hearing on their motions to dismiss several counts.

The judge overseeing Sam Bankman-Fried’s criminal trial seemed skeptical of his efforts to dismiss some of the charges he faces.

Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, asked the FTX founder’s defense team several questions about their motion to dismiss bank fraud, wire fraud and campaign finance charges, though he did not make a decision on the motions to dismiss during Thursday’s hearing.

“I’d like to congratulate you on an extraordinarily imaginative [defense],” the judge told one defense attorney who argued that the U.S. Department of Justice was trying to insert new legal theories into its prosecution.

Mark Cohen, another attorney for Bankman-Fried, argued before a packed courtroom that the campaign finance charge should be dismissed, or at least severed alongside other charges, on a technical detail.

“The operative document in extradition is the warrant of surrender,” Cohen said. “It does not list the campaign finance charge.”

Bankman-Fried never consented to be extradited on that charge, Cohen contended.

A prosecutor pushed back against this assertion later on, saying the U.S. had included the charge in its extradition request.

The warrant in question was addressed to Bahamian police, and while it may not have included the charge, the Bahamian court itself was aware of it, the prosecutor said.

Judge Kaplan seemed unconvinced. He seemed similarly skeptical about the defense’s efforts to dismiss bank and wire fraud charges.

Part of Thursday’s hearings focused on the possible timeline through the start of the criminal trial. While the DOJ shared a proposed timeline, the judge said it didn’t give him enough time to review all of the materials he’d have to look at.

The judge also denied a number of motions made by the defense tied to discovery, including an effort to have the DOJ review FTX documents and materials.

Bankman-Fried’s attorneys filed to dismiss most of the charges laid out against him last month, arguing that there were a number of different reasons to grant the motions. Several of the motions to dismiss focused on claimed legal issues, including failure to state an offence or allege valid property rights.

Bankman-Fried also sought to dismiss some charges brought after he was extradited to the U.S. on grounds that the Bahamas hadn’t consented to them.

Bankman-Fried was arrested last December on eight initial charges, but prosecutors have added another five through multiple superseding indictments. Bankman-Fried’s attorneys have argued that under the U.S.’s extradition treaty with the Bahamas, the Bahamas’ government needs to sign off on the charges brought post-extradition. On Tuesday, the Bahamas Supreme Court ruled that he should have an opportunity to argue against the country approving the additional charges.

Late Wednesday night, prosecutors agreed to hold off on these added charges until the Bahamas signed off.

Prosecutors pushed back against the other motions, saying the defense’s arguments didn’t carry enough weight on the procedural issues.

Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously

SEC emails illuminated ex-official Hinman’s 2018 view on ETH, which Ripple’s top lawyer said was used to ‘destroy and disrupt’ U.S. crypto, but this probably won’t steer agency policy.

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy.

Despite the rush of attention this week on the insider deliberations that went into writing a five-year-old speech from William Hinman – the former head of the SEC’s corporation finance division – the agency’s past uncertainty over the status of ether (ETH) never amounted to formal commission-approved rules or guidance. So the dialogue over the ex-official’s one-time remarks may offer some insights, but it’s unlikely to move the needle on the agency’s crypto policy.

“Nothing in these documents creates precedent or establishes law,” said Andrew Hinkes, a lawyer at K&L Gates who co-chairs its digital assets practice. At best, the emails give “a helpful snapshot of certain SEC staffers’ views on some issues at a point in time,” so it’s useful for those trying to understand where the agency has been coming from on the crypto-as-securities debate, but there’s nothing the SEC can be held to, Hinkes said.

Hinman, in his speech that’s still posted on the SEC website, had said he didn’t “see a need to regulate ether” – a view that was debated among officials inside the agency even as he said it. The remarks have been a particular focus of Ripple, in light of the parallels between ETH and the XRP token closely associated with Ripple’s business.

“The SEC fostered regulatory confusion in the marketplace,” Ripple Chief Legal Officer Stuart Alderoty said Thursday in an interview on CoinDesk TV. “They knew the marketplace was confused, then they took steps to deliberately aggravate that confusion.”

Alderoty had also tweeted what he thinks the emails should mean: “Hinman’s speech should never again be invoked in any serious discussion about whether a token is or is not a security.”

As it happens, that seems fine with the SEC. The agency hasn’t relied on Hinman’s position in recent years and has moved on with other remarks from SEC Chair Gary Gensler that suggest a different view. After Ethereum’s high-profile move to proof-of-stake, Gensler said that such tokens may actually be securities, though he didn’t specify ETH.

Agency spokespeople declined to comment on the release of the emails this week, and Hinman didn’t respond to a request for comment.

Still, none of the issues debated around Hinman’s speech have legal bearing until the SEC’s five commissioners make a new rule, issue guidance or bring an enforcement action that explicitly makes the case that ETH is a security. That’s the chief point of interest for Ripple, which has been fighting with the regulator in court over whether the XRP token associated with its products is a security.

After the company also waged this fierce campaign to win access to the SEC’s emails, Ripple’s Alderoty would like to see them remain in the limelight, arguing that an investigation should be conducted into why Hinman said what he did. He said the SEC has relied on those remarks in its ongoing battles with the sector.

“They’ve weaponized it to bring a series of enforcement actions and trying – through regulation-by-enforcement, we now know – to really destroy and disrupt this crypto economy in the United States,” Alderoty told CoinDesk TV.

But others aren’t sure there’s anything in the messages to alter the high-stakes debate over how crypto will be regulated in the U.S.

“Those who expected bombshells were probably disappointed, but for those who work to understand these markets, there are helpful inclusions that merit further consideration,” Hinkes said.

“I don’t believe that the Hinman emails are particularly significant from a legal standpoint,” said Grant Gulovsen, an Illinois-based lawyer who works with crypto clients, in an email. “I don’t see how it helps Ripple/XRP. And if the Hinman speech is no longer (or never was) the view of the SEC, then it’s not good for crypto generally.”

Hinman – who noted during the 2018 speech that it was his personal view – took a position that crypto projects could become “sufficiently decentralized” that buyers wouldn’t expect anybody was at the helm, so they couldn’t be investment contracts regulated by the SEC. Gulovsen said that idea is still useful as “a reasonable application” of securities law for digital assets.

Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report

Courts in the country approved bail for the Terraform Labs founder, but a South Korean extradition request is set to keep him in jail.

Terraform Labs co-founder Do Kwon is to remain in Montenegro custody for six months while the country’s courts consider an extradition request from South Korea, local news outlet RFE reported on Thursday.

The report, later confirmed by DL News, followed a high court announcement on the approval of bail for a case involving document forgery. Kwon’s bail request was approved after a previous rejection by the same court.

In March, the South Korean national was arrested in Montenegro over the alleged possession of falsified documents along with fellow Terra executive Han Chang-Joon. South Korean officials were already searching for Kwon, and following his arrest, the country requested Kwon’s extradition, as did the U.S. Kwon also faces possible jail time in Montenegro over the document forgery case.

Kwon and Han are due to appear in a Montenegro court on Friday.

Curve Finance CEO Egorov Sued by Three DeFi-Focused Venture Capital Firms

A complaint filed in San Francisco alleges Egorov defrauded ParaFi Capital, Framework Ventures and 1kx.

Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.

A complaint filed in the Superior Court of California, San Francisco, alleges Egorov misappropriated trade secrets of the three VC firms, and defrauded the firms out of close to $1 million in funds while dangling the false promise of a possible stake in Curve to gain the investors’ trust and support.

The lawsuit, filed in April, also alleges that Egorov moved to Switzerland to insulate himself from the inevitable legal fallout. The three firms have been pursuing a breach-of-contract case in Switzerland against Egorov and his company Swiss Stake since 2020.

Curve Finance, a decentralized exchange built on the Ethereum blockchain, ranks among the biggest DeFi trading platforms, with some $4.07 billion in total locked value, according to DeFi Llama. Curve operates in the form of a decentralized autonomous organization (DAO), controlled by the CRV token, which can be bought or earned by contributing to Curve’s liquidity pools.

Beginning in early 2020, Framework Ventures, ParaFi Capital and 1kx claim that Egorov “engaged in a brazen, multi-faceted scheme to defraud” them over a six-month period, according to the complaint. The VCs also allege Egorov “misappropriated” the firms’ “trade secrets,” including “information that proved to be critical to the development of Curve, such as key industry contacts, potential investors, and knowledge of how to manage an investment round – all while falsely promising that Plaintiffs would benefit from the fruits of their labor, not just Egorov.”

The VC’s also claim Egorov offered to sell shares of Swiss Stake to Plaintiffs for close to $1 million (alleging that a combined $925,233.54 worth of USDC was sent to a wallet specified by Egorov), but had no intention of transferring shares of Swiss Stake to the firms.

Egorov’s lawyers said in May 22 filing that the allegations of fraud derive from the termination of a contract between the VCs and Swiss Stake, and that the “trade secrets” in question were really the names of widely known investors. Egorov’s side also claims Swiss Stake promptly offered to return the roughly $1 million of invested funds.

“To justify their blatant forum shopping, Plaintiffs concocted a new and compelling story painting Egorov as an evil villain who duped three naïve VC firms into giving up ‘trade secrets,’” according to a May 22 filing by Egorov’s lawyers. The case against Egorov amounts to “nothing more than a clever narrative,” his attorneys said.

Law firm Latham & Watkins, representing the three VC firms provided CoinDesk with a statement via email: “It is regrettable this has reached the point of litigation, but we strongly believe the facts are on our side. In that respect, the complaint speaks for itself. Our clients are resolved to seek full accountability of Michael Egorov for his behavior.”

Egorov’s lawyers, DLA Piper, had not responded to an emailed request for comment by press time.

Mt. Gox’s Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment

One of the individuals also operated BTC-e, the DOJ alleged.

The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.

The two “gained unauthorized access” to Mt. Gox’s wallets around September 2011, the DOJ said in a press release Friday announcing the unsealing of a 2019 indictment, stealing 647,000 over the course of nearly three years. These funds were then laundered.

The DOJ alleged that Bilyuchenko was also an operator of defunct crypto exchange BTC-e, alongside Alexander Vinnick who was previously charged with operating BTC-e.

Both face charges of conspiracy to commit money laundering, while Bilyuchenko also faces a charge of operating an unlicensed money services business. The DOJ’s Southern District of New York and Northern District of California offices both brought cases tied to the Mt. Gox hack.

In a statement, DOJ Assistant Attorney Kenneth Polite said, “This announcement marks an important milestone in two major cryptocurrency investigations. As alleged in the indictments, starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange’s ultimate insolvency. Armed with the ill-gotten gains from Mt. Gox, Bilyuchenko allegedly went on to help set up the notorious BTC-e virtual currency exchange, which laundered funds for cyber criminals worldwide. These indictments highlight the department’s unwavering commitment to bring to justice bad actors in the cryptocurrency ecosystem and prevent the abuse of the financial system.”

CFTC Wins Lawsuit Against Ooki DAO

The regulator’s victory serves as proof decentralized entities can face legal consequences for their dealings, contrary to popular beliefs.

A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered unregistered commodities, quashing an industry-wide perception that decentralized finance (DeFi) actors are immune to regulatory scrutiny.

U.S. District Judge William H. Orrick ruled on Thursday that Ooki DAO operated an illegal trading platform and unlawfully acted as an unregistered futures commission merchant (FCM), granting the CFTC a default judgment. He ordered the organization to pay $643,542 in penalty, to permanently cease its operations and shut down its website.

The original lawsuit, filed in the U.S. District Court for the Northern District of California last September, alleged the DAO offered “leveraged and margined” commodities transactions to retail customers and neglected to observe know-your-consumer laws while serving those traders.

In January, the CFTC requested a federal judge go ahead with a ruling that the DAO violated federal commodities laws after the DAO missed a deadline to respond to the lawsuit. A judge dismissed the request, however.

While Ooki DAO never formally responded to – or even acknowledged – the lawsuit, it did geofence the U.S. after the suit was filed.

Players in the decentralized finance (DeFI) space have long evaded the legal scrutiny faced by their centralized counterparts, but that could be changing. In March, a California court ruled bZx protocol and its token-holding community members’ were liable for losses resulting from an exploit that drained their DAO’s treasury. And, in April, the Securities Exchange Commission (SEC) subpoenaed SushiSwap Head Chef Jared Grey.

Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog

The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.

Crypto exchange Binance’s Nigerian unit was ordered to immediately halt operations in the country by the local Securities and Exchange Commission, according to a Friday circular.

“Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal,” the notice said.

Nigeria’s order follows a lawsuit by the U.S. securities watchdog last Monday against the largest global crypto exchange by market capitalization, alleging it failed to register as a broker or exchange, and that it sold offered unregistered securities the general public.

Although Nigeria’s SEC had previously said it viewed all crypto assets to be securities by default, this appears to be the first action taken by the regulator against a major exchange platform. In May, Bloomberg reported the country’s SEC was processing crypto firms’ applications for registration on a trial basis but would not officially start registering them until it has reached an agreement with the country’s central bank.

Banks in the country are prohibited from offering services to crypto platforms.

“The Commission shall provide updates on further regulatory actions with respect to the activities of Binance Nigeria Limited, and other similar platforms and shall work with other regulators in Nigeria to provide further guidance on this matter,” Friday’s order said.

Robinhood Joins Coinbase in Saying It Tried to ‘Come In and Register’ Like SEC Wanted

The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.

With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away.

SEC Chair Gary Gensler has a go-to crypto invitation to the firms that are operating without the agency’s approval and oversight, which he’s repeated so often it’s become a messaging mantra: They just need to come in and register.

Robinhood Markets’ chief compliance lawyer told lawmakers that the popular trading firm was trying to register as a special-purpose broker for digital assets. Dan Gallagher, a former SEC commissioner who has spent a career in securities and corporate law, couldn’t get the agency to guide Robinhood into crypto compliance, though he said the staff seemed to want to help.

“When Chair Gensler at the SEC in 2021 said, ‘Come in and register,’ we did,” Gallagher said in his testimony. “We went through a 16-month process with the SEC staff trying to register a special purpose broker dealer. And then we were pretty summarily told in March that that process was over and we would not see any fruits of that effort.”

His story echoes longstanding complaints from Coinbase, whose top lawyer was also present at the House Agriculture Committee on Tuesday and is now facing an SEC lawsuit alleging his company offered unregistered securities and didn’t get approval as an exchange.

“When Coinbase has attempted to do just that, to talk about how we could register as a broker-dealer or an [alternative trading system] or even as a [national securities exchange] after months and months of discussion, we’re simply dismissed with no response or any counter proposal or ideas coming back from the SEC,” said Paul Grewal, Coinbase’s chief legal officer.

Gallagher said one of the regulator’s final sticking points for Robinhood was the lack of registration and disclosures from issuers of tokens that trade on the platform, and Gallagher argued there’s no way for his company to insist that outside issuers meet SEC demands.

Sen. Cynthia Lummnis (R-Wyo.) jumped into the debate with a tweet this week promoting her crypto bill: “The SEC has failed to provide a path for digital asset exchanges to register.”

The possible counterweight to this argument is the series of approvals of digital-assets broker-dealers by the Financial Industry Regulatory Authority (FINRA), an industry-funded oversight arm created by the SEC. The brokerages, including Prometheum Ember Capital LLC, Bosonic Securities and OTC Markets Group, are officially approved to trade crypto securities, a category of assets whose borders aren’t yet well defined. Meanwhile, the companies trying to navigate a path as compliant crypto firms haven’t yet demonstrated a fully formed business model.

In comments after his agency’s enforcement actions, Gensler now seems to suggest the U.S. “doesn’t need more digital currency,” and that the industry must fix its compliance problems or he foresees a possibility of it “collapsing like a house of cards.”

However, this compliance dispute is no longer in the hands of the industry or the SEC but will be decided in the courts.

“We have to go to court and really see, otherwise this industry is just not going to exist in the United States,” Coinbase CEO Brian Armstrong said in a CNBC interview on Wednesday.

Crypto.com Receives Digital Token License in Singapore

The exchange received in-principle approval in Singapore last June.

Cryptocurrency exchange Crypto.com has completed its licensing process in Singapore after having obtained in-principle approval in the city state last June.

Crypto.com has now received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), the exchange announced on Thursday.

The Singapore-based exchange’s CEO Kris Marszalek said: “The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector.”

The MAS pledged to be “brutal and unrelentingly hard” on bad behavior in the crypto industry last year, firming its reputation as a regulator that sets a high bar for approving companies. Nevertheless, a number of prominent crypto companies, including Coinbase and Blockchain.com also received in-principle approval from the regulator in the last year.