Binance responds to the SEC, CCO says “operating unlicensed securities exchange”

Binance responds to the SEC, CCO says “operating unlicensed securities exchange”
ôîòî ïîêàçàíî ñ : invezz.com

2023-6-5 22:27

In what seems like a leaked communication between Binance Chief Compliance Officers (CCOs), a CCO was quoted saying “We are operating a fking unlicensed securities exchange in the USA bro.”

The SEC had earlier today announced it had charged “Binance Holdings Ltd. (Binance); U.S-based affiliate BAM Trading Services Inc., which, together with Binance operates and their Binance US; and their founder, Changpeng Zhao, with a variety of securities law violations.”

The crypto community stands with Binance and CZ

The CCO comment was captured by @unusual_whales in a tweet that stated: “The SEC has officially tweeted their charges against Binance and CZ, with the line from their CCO: We are operating a fking unlicensed securities exchange in the USA bro.”

@unusual_whales tweet was followed by many tweets from community members expressing their dissatisfaction with the way the US Securities and Exchanges Commission (SEC) was dealing with crypto entities in the country. Others expressed their support for CZ and Binance.

Crypto exchanges and trading platforms in the US have come under harsh scrutiny in the recent past both from the SEC and regulatory authorities in various states. However, Binance, which is currently the largest cryptocurrency exchange by trading volume, seems prepared to fight o the end.

Going by the sentiments from various people on Twitter after the CCO’s tweet, there is a general feeling within the crypto community that the SEC is being unfair when it comes to cryptocurrencies especially seeing that it has been fighting Ripple in court for several years trying to prove that the XRP is a security.

The official Binance response to the SEC charges

Earlier today, Binance tweeted its official reply to the US SEC allegations against Binance its affiliate and founder. In the reply, the crypto exchange said:

“For nearly two and a half years, http://Binance.US has engaged in good faith with the SEC. All along, the objective of our engagement has been consistent: work constructively toward a clear, practical regulatory framework that enables businesses like ours to grow, create jobs, and provide American consumers safe access to digital assets.”

The cryptocurrency exchange further went ahead to state that they are calling on ‘Congress to step in and pass bipartisan legislation that creates a workable regulatory regime for digital assets and reins in the bureaucratic overreach of which our industry is the victim.”

According to Binance, today’s charges are “unjustified by the facts, by the law, or by the Commission’s own precedent. The relief sought by the Commission would harm the very investors the SEC is charged with protecting.”

The post Binance responds to the SEC, CCO says “operating unlicensed securities exchange” appeared first on Invezz.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Binance Coin (BNB) íà Currencies.ru

$ 565.71 (-0.13%)
Îáúåì 24H $981.593m
Èçìåíåèÿ 24h: -2.30 %, 7d: -3.29 %
Cåãîäíÿ L: $565.39 - H: $578.59
Êàïèòàëèçàöèÿ $76.248b Rank 4
Öåíà â ÷àñ íîâîñòè $ 275.73 (105.17%)

binance securities exchange unlicensed had operating sec

binance securities → Ðåçóëüòàòîâ: 126


CryptoSlate Wrapped Daily: Binance’s CZ lashes out at Reuters reporter; Ethereum network at peak performance

The biggest news in the cryptoverse for October 18 includes Japan looking to amend KYC rules for crypto, Binance CEO Changpeng Zhao’s post about the company’s recent dealings with a Reuters reporter and Texas’ probe into FTX US and Sam Bankman-Fried for allegedly offering unregistered securities.

2022-10-18 01:31


Ôîòî:

Binance Lands In Deep Water As Malaysia Orders Crypto Exchange To Halt Operations

Cryptocurrency exchange, Binance, has been facing tumultuous times as they have been the focus of several regulatory actions recently. The most recent blow just came from Malaysia. The Securities Commission (SC) of Malaysia today announced that it has taken enforcement action against Binance for illegally operating a digital assets exchange (DAX) in the country, effectively […]

2021-7-31 20:47


Are Stock Tokens Behind The Crackdown On Crypto Exchange Binance?

While crypto exchange Binance continues to face crackdowns from several different countries, it’s looking likely that stock tokens may be behind this. Hong Kong And Lithuania Become The Latest To Crackdown On Binance On Friday, Hong Kong’s market regulator, the Securities and Futures Commission (SFC), warned the crypto exchange in a press release. The commission […]

2021-7-18 22:00