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    BREAKING: SEC Takes on Binance! RATTLES BITCOIN – C.Z. Responds!



    In a groundbreaking case, the Securities and Exchange Commission (S.E.C.) has leveled serious accusations against Binance, the largest cryptocurrency exchange in the world. The S.E.C. alleges that Binance mishandled customer funds, deceived regulators, and lied to investors about its operational practices. The explosive claims assert that Binance commingled “billions of dollars” belonging to customers and covertly transferred them to a separate company under the control of Binance’s founder, Changpeng Zhao. This video sheds light on the significant legal battle unfolding between Binance and the S.E.C., revealing the potential repercussions for the cryptocurrency industry as a whole.

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    https://www.nytimes.com/2023/06/05/business/sec-binance-charges.html

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    View 38 Comments

    38 Comments

    9. Nelis Jan on

      thanks for the quick vid! tbh I don't think it will have to much of an impact. at this point Binance doesn't hang on the US/SEC. The SEC is (as it has been doing before) acting imperealistic in regards to crypto. Do they ever wonder why all the exchanges are based outside of the US? Even coinbase trew up the thought of going to the UK🤣

    13. Ahno Nymuz on

      Its crazy how SEC going after crypto. The stock market js a biggest scam. They cant even go after hedgefunds manipulating stock market

    16. christian m on

      The SEC and all the government is corrupt as shit and the hammering Cryptos China And Russia just to distract from there mistake.

      Don't you id. . Get it ????

    20. jsong21 on

      Im kinda thinking… that xrp may lose their lawsuit. The government has to have some sway in the judge's decision. And I think the SEC knows xrp is going to lose otherwise they wouldnt go after other crytpo currencies without some knowledge of the outcone of xrp. I think the judge is lined with the SEC.

    22. MARK REIS on

      U.S Governments attack on Crypto is deliberate. They are worried about Wall street crashing and control over currency. The goal to is push investors back into the market. Bunch of thief's!

    23. Kreakong on

      I have a feeling they wouldn't do this (yet / right now), unless they kind of knew the outcome of the XRP case. Could be wrong of course.

    26. mjg23 on

      Funny how the SEC waited to do this considering the hinman emails to be released soon….looks to me like the SEC is going to try to justify thier position

    31. dianne11ca on

      The SEC accused Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.

    32. Emma D on

      It would highly irresponsible (but consistent) of the SEC to get these allegations out to the media before formally informing Binnance. Highly irresponsible!

    33. Stephen Watson on

      SEC. Again. THIS is annoying. I am beginning to despise the Democrat Party. Lawlessness does not belong in my country, especially where it affects the world.

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