Binance.US Halts USD Deposits, Blames SEC’s ‘Witch-hunt’
Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US.
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Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US.
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At the time Gensler was offered to be an advisor to Binance, he was teaching at Massachusetts Institute of Technology’s Sloan School of Management.
The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person.
Binance is also pausing its OTC Trading Portal services in the US. The exchange said that it will notify users if and when the portal opens in the coming weeks and months.
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Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.
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