SEC Chair Gary Gensler Allegedly Offered To Serve As An Advisor To Changpeng Zhao-Led Platform In 2019 — Binance Lawyers Claim
Portfolio Pulse from Mehab Qureshi
SEC Chair Gary Gensler allegedly offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and its founder Changpeng Zhao. The SEC recently instigated legal proceedings against Binance and Zhao for multiple infractions of U.S. securities regulations.
June 08, 2023 | 3:43 am
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Binance lawyers claim SEC Chair Gary Gensler offered to advise the company in 2019. SEC recently filed legal proceedings against Binance and its founder.
The news of SEC Chair Gary Gensler's alleged offer to advise Binance in 2019 and the recent legal proceedings against the company and its founder could negatively impact the sentiment around the cryptocurrency market, including Bitcoin. This may lead to short-term downward pressure on BTCUSD.
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