The case between crypto exchange Binance and the US Securities and Exchange Commission (Dec) is ongoing. The SEC blames Binance.The US is not taking part in the investigation. The agency points out that Binance is.BAM Holding presented a total of 220 documents to us during the discovery process. Many of these materials consist of obscure screenshots and documents without dates or signatures, according to the Sec. The regulatory body added that BAM refused to provide key witnesses for its dismissal, instead unilaterally accepting four witness statements that it deems appropriate. Meanwhile, U.S. District Judge Zia Farooqi of the U.S. District Court for the District of Columbia issued an executive order allowing the Sec to Decertify or remove 18 sealed documents and nine partially sealed or redacted ones in its petition. The partially sealed documents contain a total of 117 pages. There is internal Binance among them.Dec.SEC court records, including US documents, emails and the Binance memorandum.U.S. compliance with the sec's disclosure requirements. The SEC and Binance are in the midst of lawsuits from the Commodity Futures Trading Commission.The US has announced that they are laying off a third of their staffPresident and CEO Brian Schroeder is also leaving the company. It was later reported that two executives have been fired since Krishna Juvwadi, the head of the legal department, and Sidney Majalia, the director of risk, decided to leave the company. As a result of the turmoil, trading activity on Binance decreased.A new low was reached in the US in September. The lowest trading activity point for the month was $ 2.97 million, which is a significant decrease compared to the same period in 2022, when the trading volume was about $ 230 million.India is working on a cryptocurrency regulatory system based on joint recommendations of the International Monetary Fund and the Financial Stability Council, which could lead to the introduction of regulatory legislation in the next five to six months. Sidhart Sogani, CEO of blockchain analytics firm, which provides consultancy services to various committees and G20 countries, told Cointelegraph that India is currently working on a five-point regulatory approach focused on global cooperation in certain aspects, such as taxes on cryptocurrencies.MEPs in the European Parliament have overwhelmingly voted for the eighth version of the administrative cooperation Directive (DAC8) — the rules for tax reporting in cryptocurrency. During the session, DAC8 was reviewed with 535 deputies and 60 abstentions, only 57 are against. The purpose of DAC8 is to enable tax collectors to track and review all cryptocurrency transactions carried out by organizations or individuals in member states. Some critics of DAC8 believe that the surveillance powers of individual member states have been removed. U.S. Representative Tom Emmer and the 49 original co-authors re-established the CBDC Government Surveillance Act in the U.S. House of Representatives, claiming to protect the financial privacy rights of U.S. citizens. Emmer first proposed a draft law on the central bank's (CBDC) digital currencies in January 2022. In February 2023, it was officially submitted to Congress to block the US Federal Reserve from printing programmable digital dollars, saying that Emmer is a surveillance tool that will be used to undermine the American way of life. The bill specifically prohibits the Fed from giving CBDC to individuals, according to Emmer. prevent it from being mobilized to a retail bank that can collect personal financial data. It also prohibits the central bank from using the CBDC to conduct monetary policy.All Around