Tron TRX has been delisted by Binance.US amid rumors about the arrest of its founder. What's going on with Justin Sun?

Here comes a short update on the recent events connected to the two major CEXs and US regulators.

Binance has opened a blockchain hub in Georgia to develop the crypto industry in the country and attract talented Georgian specialists to the company.

Crypto markets plunged on Monday as rumors that Interpol was on the lookout for Binance’s CEO, Changpeng Zhao. Binance’s position as a market leader is once again weakened.

The US Commodity Futures and Trading Commission alleges that Binance willfully violated federal law to encourage US investors to subvert its own “ineffective” compliance program. The exchange is also accused of offering unregistered crypto derivatives products.

Binance continues to get rid of BUSD by converting its own stablecoin into other crypto assets in the Industry Recovery Initiative and the SAFU funds.

The move makes Gibraltar-based Xapo the first fully licensed bank in the world to offer USDC on-and off-ramps as a fast, free, 24/7 alternative to the expensive and slow SWIFT system used for international payments.

USDC depeged from USD after US Silicon Valley Bank collapsed. Exchanges paused their conversion as users rushed into other assets. Now the stablecoin has got back to 1:1 ration, but what’s done is done…