Binance.US has vehemently opposed the US Securities and Exchange Commission’s (SEC) proposed temporary restraining order, claiming that it would effectively end its business operations. The crypto exchange filed a response on June 12, criticizing the SEC’s emergency motion as “draconian and unduly burdensome.”...
In a recent CoinDesk article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy of the allegations. Journalistic uncertainty In...
In a move to streamline its buy, sell & convert service, Binance.US has announced a reduction in the number of supported convert trading pairs, bringing the total to 226. The announcement came amid the complaint filed by the U.S. Securities and Exchange Commission...
The US SEC’s complaint against Binance has unveiled intriguing details surrounding the sudden departure of former Binance.US CEO Brian Brooks in August 2021, merely three months into his tenure. The complaint references an undisclosed source who briefly oversaw Binance.US operations during the same...
Binance.US and Changpeng Zhao (CZ) are looking to reduce the latter’s majority stake and influence over the crypto exchange, due to increasing scrutiny from U.S. regulators in recent months. Curbing unnecessary regulatory scrutiny In a bid to tackle the unfavorable regulatory scrutiny being...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Days after Binance Global, the world’s largest cryptocurrency exchange by client count, briefly suspended bitcoin (BTC) withdrawals, statistics show that its US arm, Binance.US, sold the coin at a...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Voyager has turned to Twitter to announce that Binance.US has backed out of its deal to purchase the company’s assets. The announcement comes after the U.S. government approved a...