🚨NEW: The @SECGov and @binance have filed a joint stipulati | EleanorTerrett på Binance Square

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🚨NEW: The @SECGov and @binance have filed a joint stipulation seeking a dismissal in the agency’s ongoing litigation against the exchange.

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🚨NEW: One of the Mexican banks sanctioned this week by @USTreasury for allegedly laundering cartel-linked funds has a U.S. subsidiary with a @federalreserve master account — giving it direct access to the U.S. payment system. The U.S. entity received its master account in 2021, around the same time crypto firms like @krakenfx and @custodiabank were facing pushback on getting master accounts from the Fed. @IntercamBanco, in an official statement, denied the allegations and said it has operated in full compliance with AML and CTF principles for nearly 30 years. It’s unclear whether the U.S. affiliate has done business with the sanctioned parent.

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🚨NEW: @SenLummis just said the Senate will have a bill draft for market structure that "we can hopefully put out before the August recess and then mark it up in September."

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🚨JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling.

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🚨NEW from me: Crypto Bills Spark GOP and Industry Divide A power struggle is unfolding on Capitol Hill over whether to pass the GENIUS Act as a standalone bill or as a package with market structure. https://www.cryptoinamerica.com/p/battle-of-wills-on-the-hill-crypto-166?r=5dizt6

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Here at the @BankingGOP Digital Asset Subcommittee hearing on market structure led by @SenLummis. Witnesses include: 📌@RVanGrack of @coinbase 📌 @xethalis of @multicoincap 📌 @FinanceHammer of @Wharton 📌 @CFTCbehnam, former CFTC chair

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