Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.

Binance transferred $3.9 billion in USDT between its wallets, days before a report about a $4 billion settlement with the United States Justice Department was published.

The crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off about the new lawsuit filed by the U.S. SEC against cryptocurrency exchange Kraken.

Jesse Powell didn’t mince words when he criticized the SEC for suing his exchange, calling it the country’s “top decel.”

BNB hit its highest price since June after Bloomberg reported the U.S. Justice Department wanted $4 billion from Binance to end its probe into the exchange.

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.

The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency, adding that it commingled customer assets with its own.

Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.

The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.

According to a report, an agreement to settle Justice Department charges against the company may be settled by the end of the month.