In a separate 177-page filing denying the SEC's substantive claims, Coinbase said it "welcomes regulation," but that the regulator was arbitrarily and without Congress' permission trying to fill the "regulatory gap" over crypto assets.

Binance has agreed to repatriate its US customers' assets pending a massive lawsuit against the world's largest crypto exchange, the US Securities and Exchange Commission said Saturday, adding that it will secure the funds.

dollar-bitcoin trading in May. The SEC this month sued Coinbase for failing to register as an exchange.

According to Cboe's Fidelity bitcoin ETF filing, The company's platform represented roughly half of U.S.

It called it a "detailed and ongoing process" and said it was confident of having "the right team and measures in place to continue our discussions with regulators in Germany".

(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)

The industry has since been reeling amid the scrutiny of global regulators, while FTX founder Bankman-Fried faces a criminal lawsuit by the U.S.

government for alleged fraud.

France is also probing Binance, which has decided to quit the Dutch market because it was unable to meet registration requirements to operate as a virtual asset service provider.

The failed crypto company has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture, the report added citing people familiar with the discussions.

Binance and its boss Changpeng Zhao have "agreed to repatriate to the United States assets held for the benefit of customers of the Binance.US crypto trading platform," the SEC said in its statement.

Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. Binance has come under pressure from regulators around the world.

The U.S. Binance denies the charges.

June 29 (Reuters) - Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange Cboe Global Markets with the U.S.

Securities and Exchange Commission.

The case comes on the heels of charges in March against Binance by another US regulator, the Commodities Futures and Exchange Commission, and as the company faces a legal probe in France on allegations of illegal trading and money laundering.

The SEC has rejected dozens of spot bitcoin ETF applications in the past few years, including one from Fidelity in January 2022.

In all cases, the regulator said the filings did not meet standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.

France is also probing Binance, which has decided to quit the Dutch market because it was unable to meet registration requirements to operate as a virtual asset service provider.

PARIS, 币安折扣 June 22 (Reuters) - CACEIS, the asset servicing business owned by Credit Agricole and Santander , has registered with France's markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.

Coinbase said in a letter filed late on Wednesday in Manhattan federal court it will ask a judge to toss the SEC lawsuit, arguing the regulator lacks authority to pursue civil claims because the crypto assets trading on its platform are not "investment contracts," and thus not securities.

Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. Binance has come under pressure from regulators around the world.

The U.S. Binance denies the charges.

At present, American investors currently looking to gain exposure to crypto on stock exchanges are limited to futures-based ETFs.

These funds track bitcoin futures contracts, which come with the additional costs of rolling over contracts on settlement days.

Crypto investment products are still a tiny part of the overall market.

Excluding grantor trusts - limited to accredited investors - such as the Grayscale Bitcoin Trust, the current crypto ETF market totals about $2 billion, according to MorningStar Direct, less than 2% of overall crypto market.

A regulatory crackdown has also weighed on the crypto sector.

Binance and Coinbase Global, two of the biggest crypto exchanges, were sued this month by the SEC for allegedly violating its rules, which the pair deny.