Binance.US Says SEC Lawsuit Is Unjustified
Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.
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Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.
There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging.
Per the latest allegations, Coinbase is operating as an unregistered national securities exchange and broker.
Apple hasn’t cleared the purpose behind its acquisition of AR startup Mira. The headsets developed by Mira have been built for industrial applications.
Following a recent strike at major crypto exchanges, the SEC has inadvertently caused an over 400% rise in trading volumes on DeFi platforms.
According to Coinbase CEO Brian Armstrong, the company’s legal team is well prepared to represent the crypto industry in court to get regulatory clarity.
Binance called the SEC’s actions as somewhat vendetta rather than actual concern for safety of Binance.US customers. The exchange said it remains determined to defend itself in court.
From the multiple crashes of last year to the crypto banking saga in March, there are a lot of reasons why investors may be looking for ways to get their funds out of centralized exchanges.
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The SEC has filed lawsuits against Coinbase and Binance, categorizing numerous cryptocurrencies, including Chiliz, Flow, Dash, and Near, as securities, further solidifying its aggressive stance on crypto regulation.
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
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Sushi noted that its team had been working secretly on building an aggregation router for a while now as it is part of the platform’s bigger vision for 2023.