The US Securities and Exchange Commission (SEC) is reportedly taking enforcement action against the world’s largest crypto exchange Binance. However, it’s unclear whether Binance or Binance.US is in the SEC’s crosshair.
After a series of attacks against crypto exchanges Coinbase, Bittrex, Kraken, and other entities related to crypto, the securities regulator has set eyes to bring action against Binance or Binance.US.
Binance In the US SEC Crosshairs
Crypto exchange Binance has been under heightened scrutiny since the collapse of FTX. In March, the U.S. CFTC filed an enforcement action against Binance and CEO Changpeng “CZ” Zhao in March for violating commodities laws and operating an illegal derivatives exchange. The DOJ is also probing Binance for several matters, including violating sanctions against Russia.
Andrew in a tweet on May 8 said the SEC is almost close to taking action against Binance.US or Binance. The SEC may also bring changes against Binance CEO “CZ” for
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