Binance, a major player in the world of cryptocurrencies, is currently entangled in a significant legal battle against the Securities and Exchange Commission (SEC), which could have far-reaching implications for the entire crypto industry. The founder and CEO of Binance, Changpeng Zhao, also known as CZ, is at the forefront of this legal clash with the regulatory agency.
The SEC has filed multiple charges against Binance, alleging that it misled investors and operated an unregistered and illegal cryptocurrency exchange. The charges are part of a broader crackdown on the crypto sector that gained momentum following the collapse of FTX, another…
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