On 5 June 2023, the U.S. Securities and Exchange Commission (“SEC”) issued a press release announcing that it has filed 13 charges against Binance Holdings Ltd. (“Binance”) and its founder Changpeng Zhao, claiming that they engaged in activities that amount to an “extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law”.
The recent actions taken by the SEC have caused significant disruption within the crypto community and raised concerns about…
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