US SEC Takes Aim At Binance's Ex-CCO For Willful Violation
SEC Quotes Binance’s CCO As Evidence According to the lawsuit, Binance ’s CCO back in 2018 held significant authority within the company, effectively operating the billion-dollar exchange with current CEO Changpeng Zhao, to avoid any form of regulatory scrutiny. The lawsuit paints a gloomy picture of the crypto exchange that allegedly prioritized evading regulations over compliance. The SEC’s lawsuit cites incriminating conversations within Binance , revealing the knowledge of operating in violation of numerous U.S. laws, including federal securities laws. advertisement Binance’s CCO was allegedly recorded stating in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.” The suit further claims that Binance’s top compliance officer admitted to intentionally avoiding regulation, stating, “we do not want [Binance].com to be regulated ever.” Today we charged Binance Holdings...