1 this year, 840 million was deposited into eight companies owned. (Bloomberg) - The US Securities and Exchange Commission accused Binance Holdings Ltd. All along, the objective of our engagement has been consistent: work constructively toward a clear, practical regulatory framework that enables businesses like ours to grow, create jobs, and provide American consumers safe access to digital assets," the post reads. 1 hour ago &0183 &32 In some of the most detailed examples of the fund transfers by Binance and Zhao, the SECs filing on Tuesday alleged that on Jan. 2 days ago &0183 &32 SEC Sues Binance and CEO Zhao for Breaking Securities Rules. Zhao recommended investors start with small amounts and get comfortable with the technology to. "For nearly two and a half years, Binance.US has engaged in good faith with the SEC. The token has soared 80 in the past 24 hours to a record 2.3, according to data source Messari. The Big Take World’s Biggest Crypto Fortune Began With a Friendly Poker Game With 96 billion, Binance CEO Changpeng Zhao is closing in on tech titans including Facebook’s Mark Zuckerberg. His net worth is now larger than Asia’s richest man Mukesh Ambani, who sits in 11th position of the Bloomberg Billionaires Index with 93.3B.
Unfortunately, the SEC's refusal to productively engage with us is just another example of the Commission's misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry."īinance.US also responded, disputing the SEC's claims in a Twitter post. Changpeng Zhao, who runs the cryptocurrency exchange platform Binance, has joined the billionaires club with an estimated net worth of at least 96B. "We intend to defend our platform vigorously. "While we take the SEC's allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis," Binance said.
In a blog post, Binance said it was disappointed by the lawsuit, adding that it had recently been in "good-faith discussions" to reach a settlement that would've resolved the SEC's probe.
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