SEC's crackdown on crypto exchanges raises concerns for U.S. investors.
TL;DR Summary
Binance.US has requested the court to deny the SEC's proposed temporary restraining order against its assets, stating that it would "effectively end" its business. The exchange argued that the restraining order would force the closure of BAM Trading Services, the entity that provides crypto trading and exchange services for Binance.US. Binance.US also took aim at the regulator's entire approach to pursuing legal action against it, asserting that "all of the SEC's claims fail" because the regulator has not yet "identified a single security trading on BAM's platform."
Topics:business#binance#cryptocurrency#cryptocurrency-exchange#legal-action#sec#temporary-restraining-order
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- Opinion | There might be no such thing as a legal American crypto exchange The Washington Post
- The end of crypto, again The Manila Times
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