SEC Creates Regulatory Heat on Binance, Intensifying Crypto Battle

• The SEC accused Binance and its CEO of providing unregistered securities.
• The crypto community is waiting for the justification for the Binance charges.

Binance, the world’s largest crypto exchange, has faced several charges filed by the U.S. Securities and Exchange Commission. The SEC accused the crypto exchange and its CEO of providing unregistered securities.

The accusation by the SEC has become a controversial topic in the crypto world. Even though the SEC accuses the exchange, the crypto community continues to support the exchange to overcome the lawsuit. 

As per the CZ statement, it shared the exchange has cooperated with the SEC, and it follows all the rules. But the sudden announcement from Binance US in regard to delisting the 40 trading pairs raises questions among the crypto community.

Binance has standing to prove its innocence and to show it has regulated. However, the SEC still not convinced about the crypto exchange. The crypto community raises the question of what indicates the exchange is regulated. 

The whole crypto world has to expect Binance to overcome the SEC lawsuit. The exchange has taken steps to prove itself as a regulated platform. The SEC looks into whether the exchange has followed all the rules. The crypto community is waiting for the justification for the Binance charges. If the exchange succeeds in the SEC lawsuit, it will boost the other exchange’s confidence to win against the SEC.