Paradigm not directly involved with Binance, still opposes SEC lawsuit

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Paradigm not directly involved with Binance, still opposes SEC lawsuit

Paradigm said it's not directly involved with Binance, but still opposes the SEC's lawsuit against the crypto exchange and has filed a brief in the case as an observer. In other news, Gemini is discontinuing crypto services in the Netherlands, a former staffer of the Obama administration joining Ripple, and Google Cloud will serve as a validator in Polygon Labs' PoS network. Paradigm, venture capital firm Paradigm, accused the SEC of bypassing standard procedure in its legal action against Binance and its CEO, Changpeng Zhao, Cryptotelegraph reported.

Paradigm said it was not an investor in Binance and has no direct financial interest in the outcome of the lawsuit. The EPA said the SEC was surpassing its regulatory limits, which Paradigm opposes. Paradigm has filed an amicus brief as an observer in the case.

Crypto exchange Gemini said it will halt crypto services in the Netherlands because of requirements imposed by the De Nederlandsche Bank.

By November 17 customers were asked to withdraw all fiat and crypto asset balances from their Gemini accounts.

The former Obama administration staffer, Lauren Belive, is being named the head of public policy and government at Ripple, a blockchain-based digital payment network.

It is crucial that we advocate for policies that not only support the crypto industry, but also the countless individuals and businesses that could benefit from these advancements, he said in a statement on LinkedIn. Belive has worked in government relations for companies like Lyft, Zoom, and Softbank.

Cryptonews reported that Google Cloud, one of its decentralized validators, has joined Polygon Labs' Proof-of-Stake network.

It will become one of more than 100 validators leading to the secure blockchain of Polygon, which creates Ethereum scaling solutions.

The US Commodity Futures Trading Commission has accused Mosaic Exchange and its owner of running a 'fraudulent digital asset commodity scheme'.

The CFTC's complaint alleges that the defendants fraudulently solicited and induced at least 17 people in the US and other countries to give them hundreds of thousands of dollars worth of bitcoin or other financial assets for the defendants to trade bitcoin and other digital asset commodities on the customers' behalves, and misappropriated customer funds.

What are the things that we're reading on the web?

The new CEO of Napster, Fortune, has a big crypto-based idea for the next phase of music.

A mysterious crypto scandal is Hong Kong's FTX, which we know about the JPEX collapse DL News reported today.