The SEC's Binance suit is good reading between the lines too.
The announcement of the United States Securities and Exchange Commission suit against Binance, Binance.US and Binance CEO Changpeng Zhao may have surprised the crypto community, but the SEC’s focus on the exchange was well known. The suit’s contents were met with a variety of reactions.in a tweet on the morning of June 5, “Media gets the info before we do,” and the company had not seen the SEC complaint then.
“These practices of Binance have essentially been open secrets, so no one who operates in the space will be surprised by any of the charges.”
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