Binance.US Nukes Several Trading Pairs Amid SEC Lawsuit: What Crypto Investors Need To Know
Portfolio Pulse from Murtuza Merchant
Binance.US is suspending trading services for several crypto tokens in response to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The suspension affects over 90 tether pairs, eight Bitcoin pairs, and two Binance USD pairs. The SEC's lawsuit accuses Binance of offering unregistered securities and comes after similar allegations against Coinbase Global Inc.
June 07, 2023 | 7:36 pm
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Coinbase Global Inc. may face increased regulatory scrutiny following the SEC's lawsuit against Binance.US for offering unregistered securities.
The SEC's lawsuit against Binance.US for offering unregistered securities highlights the regulator's increasing focus on the digital asset sector. This could lead to increased scrutiny on Coinbase Global Inc., which has faced similar allegations, potentially impacting its stock price negatively in the short term.
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