Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What`s Going On?

Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What's Going On?

Binance has been accused by the CFTC of allowing trading firms based in the US to trade crypto derivatives on Binance’s international exchange.

Should You Withdraw From Binance Amid The CFTC Lawsuit? New Information Leaks

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In this video, we’ll discuss the news that the SEC is investigating whether or not to freeze assets of cryptocurrency company, Binance us. With prices of cryptocurrencies dropping, this video is a timely and important one.

If you’re curious about the news and what it could mean for Binance and the cryptocurrency industry, be sure to watch this video! We’ll share the latest information with you and answer any questions you might have.

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Crypto & Bitcoin Update: SEC Sues Binance and Coinbase

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The SEC Comes For Crypto!

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This week, the US Securities and Exchange Commission (SEC), filed lawsuits against Binance and Coinbase, two of the world’s biggest crypto exchanges, on which investors buy and trade a large offering of cryptocurrencies. The SEC’s main allegation against Coinbase is that it’s running an unregistered securities exchange — like if the Nasdaq independently operated without any regulatory oversight. Binance faces the same charge, as well as additional accusations that it appropriated billions of dollars in customers’ funds for its CEO’s trading firm, misled its customers, lied to regulators, and more. Binance is accused of moving money from the US business to pay for a Yacht for the exchange founder Changpeng Zhao.

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