In response to pressure from the U.S. Securities and Exchange Commission (SEC), which this week issued a significant enforcement action against the company, Binance.US has announced that it would temporarily become an all-crypto exchange as of June 13. The USD and deposits…
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Despite the continuous controversy, the value locked on decentralized finance (DeFi) applications running on blockchains of tokens claimed to be securities in the most recent filings made by the U.S. Securities and Exchange Commission (SEC) remained largely steady.
Despite declining prices, there…
Some industry experts say the SEC’s recent actions against U.S.-based Coinbase and Cayman Islands-based Binance could be a net positive for companies operating in the U.S, given the regulatory clarity they could help bring in the long run. In the short to medium term, however, these…
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The SEC essentially wants the public to understand the current legal actions as a part of a battle against fraud. The lawsuits are in fact a paternalistic attempt by the SEC to prevent people from making investments that they believe to be…