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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...

Also Read: Ripple Exec Opts For EU’s Progressive Crypto Laws As XRP Case Verdict Closes In advertisement Coinbase Still Seeks Clear Crypto Rules European Parliament on Thursday approved the first of a kind set of crypto oriented regulations. As many as 517 European lawmakers voted in the favor of the MiCA, while 38 decided to vote against it. Amid this major development in the crypto industry, Coinbase CEO in a Tweet mentioned meeting with Congress members in Washington DC. He asserted that they need regulatory clarity in the United Nations for the reasons like consumer protection, national security, and more. Read More Crypto News Here… Brian Armstrong stated that the SEC has caused untold harm to America with its policy of regulation by enforcement. We will fight to fix that. Trending Stories PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40% 24/7 Cr...