SEC Dismisses Binance’s Arguments in Its Latest Filing
Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance.
Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance.
Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7.
PayPal’s recent entry into the stablecoin arena with PYUSD is marked by both anticipation and caution. Despite the promising prospects of stablecoins, challenges, and uncertainties loom on the horizon.
The attackers manipulated nearly 57 assets across 10 different blockchains and created nearly $42 billion in tokens immediately after the attack.
Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT.
The United States SEC has argued that almost all crypto assets are unregistered securities but experts see it differently for Bitcoin and Ethereum.
Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
Binance.US experienced a significant market crash following the lawsuit slammed on the company by the US SEC last week.
According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity.