Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessSEC files charges against Binance and CEO Changpeng Zhao for U.S. securities...

SEC files charges against Binance and CEO Changpeng Zhao for U.S. securities violations

Add to Favorite
Added to Favorite
Credit mundissima

On Monday June 5, the U.S. Securities and Exchange Commission posted a press release on its site that said that it has filed 13 charges against both Binance Holdings Ltd (Binance) as well as its founder Changpeng Zhao for violating several security laws. The civil lawsuit was filed in the Federal District Court in Washington. The value of major crypto currencies including bitcoin and ether fell after the charges were filed.

According to the SEC release the charges state that Binance operates “unregistered exchanges, broker-dealers, and clearing agencies.” It also misrepresents trade controls as well as oversight on its platform in the U.S., which is called Binance.US. It also operates “unregistered offer and sale of securities.”

SEC Chair Gary Gensler said, “Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law” and more.

OrganicGreek.com Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ) for Only $8.99

Binance operates the largest crypto asset exchange in the world. The SEC alleges that it violated US security laws under the following:
Unregistered offer and sale of crypto assets
Failing to restrict access of the Binance website by U.S. investors
Making misleading statements to investors.

The Justice Department is also investigating Binance for violations related to money laundering. Late last year auditing firm Mazars said that it would discontinue business with crypto currency companies. Despite these setbacks Changpeng Zhao, who is also called C.Z., posted “4” on a social media platform.

Parallels can be drawn with FTX, the second largest crypto marketplace that collapsed last November. Its CEO Sam Bankman-Fried is facing multiple criminal charges. FTX used Alameda Research as its trading firm while Binance used an entity called Merit Peak, without providing information to its customers.

Celebrity News Update. Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a WebFans Creator and Influencer.

ParisJewelry.com 14k Yellow Gold 1/4 Carat Round 4 Prong Solitaire Created Diamond Stud Earrings 4mm for Only $59

Binance Decides Not to Buy FTX

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

Asian Stocks Slip While Chinese Shares Show Resilience Amid Trump’s Tariff Threats

Market Overview Asian stock markets experienced a mixed session as...

Bitcoin Dips to $93K Amid Economic Data and Policy Focus

Market Overview Bitcoin's price has slipped to $93,000, as the...

OpenAI Employees Set to Sell $1.5 Billion in Shares to SoftBank

A Major Stake in Artificial Intelligence OpenAI, the innovative AI...

Fed Members Back Gradual Rate Cuts Amid Economic Uncertainty: A Detailed Analysis

The latest Federal Reserve meeting minutes reveal key insights...