Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.
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Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.
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Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
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“We are different than ___,” the crypto exchange said in a statement.
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One of the latest SEC filings in its lawsuit against Binance claims billions of customer funds are at the “mercy” of Binance CEO Changpeng Zhao.
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The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.
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“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.
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The U.S.-based exchange said it’s “fully operational” and called the SEC’s motion “unwarranted.”
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The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange.
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The SEC lawsuit comes within months of the CFTC lawsuit against Binance mounting its regulatory woes in the U.S.
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The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows.
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