Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.
The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. Reuters earlier reported thatThe SEC also said Binance artificially inflated trading volumes on the platform, diverted customer funds and failed to restrict U.S. customers from its platform and misled investors about market surveillance controls.
The charges filed in a federal court in Washington, D.C., are the latest in a string of enforcement actions brought by the agency in a bid to curtail the cryptocurrency industry, which SEC Chair Gary Gensler has described as "the wild West." "This is yet another targeted attack that is devastating in the crypto ecosystem. Pretty soon, the SEC won’t have anyone left to sue," said John Reed Stark, a former chief of the SEC's Office of Internet Enforcement.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cryptocurrencies Crash After the SEC Charges Binance With Sale of Unregistered SecuritiesAltcoins are suffering the largest losses following the SEC’s lawsuit against Binance and its CEO Changpeng “CZ” Zhao. $SOL, $ADA, $MATIC LedesmaLyllah reports
Baca lebih lajut »
Binance faces SEC charges for allegedly mishandling funds and dodging rules | EngadgetBinance faces SEC charges for allegedly mishandling funds and dodging rules
Baca lebih lajut »
SEC Sues Crypto Exchange Binance, CEO Changpeng ZhaoBREAKING: Crypto exchange binance and CEO cz_binance sued by the SEC on allegations of violating federal securities laws. nikhileshde reports.
Baca lebih lajut »
The SEC is suing Binance, the world’s largest crypto exchangeThe feds accuse crypto giant Binance of operating illegally in the US.
Baca lebih lajut »
SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao Over Multiple Securities Violation AllegationsUPDATE: The price of bitcoin has plunged under $26K as the details roll in from the SEC's suit against Binance and CZ. nikhileshde and IanAllison123 report
Baca lebih lajut »