Binance v SEC: Crypto industry debates ‘Tai Chi’ vs ‘Operation Chokepoint 2’
The SEC lawsuit comes within months of the CFTC lawsuit against Binance mounting its regulatory woes in the U.S.
The SEC lawsuit comes within months of the CFTC lawsuit against Binance mounting its regulatory woes in the U.S.
The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows.
With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market.
Binance betrayed our interests with its decision to delist privacy coins. In the long run, it may mean that users leave Binance in the dust.
According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States.
Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.
At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.
Binance's chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space.
It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service.
One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.