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Tyagarah Beach, a secluded 800-meter (875-yard) stretch of beachfront north of Byron Bay, has been the topic of heated debate in recent weeks. The beach, long loved by naturists from Australia and around the world, is part of the Tyagarah Nature Reserve and maintained by the New South Wales state government. “Nude recreation is a legitimate way of life,” Benham wrote. In 2018, a similar measure was rejected by the Shire Council and CCTV cameras were installed as a compromise. “I’ve been nude bathing on Byron Shire beaches since I was a child in the 70s and 80s,” Benham told 9 News.
Persons: Bradley Benham, Byron Naturists, Penny Sharpe, ” Benham, “ I’ve, CNN’s Angus Watson Organizations: CNN, naturists, New, 9News, Council, Nature, ” Local, Shire Council Locations: Tyagarah, Byron Bay, Australia, New South Wales, NSW, Shire, Byron Shire
Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.
Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, , General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, , it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, , rulemaking
CFTC: U.S. regulators needed to step in aggressively on Binance
  + stars: | 2023-03-28 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, March 28 (Reuters) - Activity at Binance was a pretty clear case of evasion and U.S. authorities needed to step in aggressively and as quickly as possible, the chairman of the Commodity Futures Trading Commission said on Tuesday. The U.S. agency sued Binance, the world's largest crypto exchange, on Monday. Behnam said Binance was a common enterprise comprised of dozens and dozens of entities scattered across the globe. "Not having a headquarters, not having a location is not going to prevent the CFTC from coming after you," he said. "So we're going to vigorously continue and fight this case in court," he told the CFTC.
Beyond disgorgement and any monetary costs, the CFTC filing asked the court to impose further relief, including trading and registration bans. Just days prior to the CFTC filing, CNBC reported on how Binance employees worked to subvert the exchange's compliance controls in China, using some of the same techniques that the CFTC alleges Binance to solicit U.S. users. "Do not directly tell the user to run," Binance instructed its VIP team, the filing alleged. The CFTC filing alleges that Binance engaged in similar activity for its U.S. users. But, Zhao posted a tweet that said "4" in an apparent response to the CFTC filing.
Benham told Insider she launched her first online course in September 2020 and made £15,000, or about $18,400, on the first day, which was double her average monthly income at the time. More revenue doesn't guarantee more profitDespite growing revenue, Benham was taking home less each month because of increased costs. Benham told Insider she said yes to every opportunity, regardless of the personal and professional costs. In 2020, if a task or role was too time-consuming, she would outsource it, Benham told Insider. Benham told Insider she now had fun brainstorming how to reach her monthly target earnings of £7,500, or about $9,163.
The unregulated nature of the crypto industry emerged as a pressing concern late last year after the collapse in November of crypto exchange FTX. Hill has been an enthusiastic supporter of the crypto industry. Emmer described actions taken by Securities and Exchange Commission Chair Gary Gensler as "haphazard and unfocused." Senate Democrats, meanwhile, have already begun to prepare their own efforts to oversee the crypto industry and dictate enforcement actions. The commission charged crypto lender Genesis and crypto exchange Gemini with the unregistered sale and offering of securities on Thursday, the same day that Hill announced the subcommittee.
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini product called Earn, which touted yields of up to 8% for customers. Genesis should have registered that product as a securities offering, SEC officials said. Gemini's Earn program, supported by Genesis' lending activities, met the SEC's definition by including both an investment contract and a note, SEC officials said. SEC officials said the possibility of a DCG or Genesis bankruptcy had no bearing on deciding whether to pursue a charge.
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