SEC sues Binance and CEO for mishandling funds and violating U.S. securities rules, causing Bitcoin and Dogecoin to plummet.
TL;DR Summary
Bitcoin's price dropped by 6% to $25,542.10, its lowest level since March, after the US Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Ether also slid 5% to $1,806.68. Binance Coin, a token used to pay transaction and trading fees on the Binance exchange, tumbled 9%. The suit is the latest development in this year's crackdown on the crypto industry by US regulators.
- Bitcoin drops below $26,000 after SEC sues crypto exchange Binance CNBC
- SEC sues Binance and CEO Changpeng Zhao over U.S. rule violations CNBC Television
- S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators The New York Times
- SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations CNBC
- Why Dogecoin (DOGE) Is Getting Obliterated Today Benzinga
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