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SEC crackdown on Binance and Coinbase sends shockwaves through crypto industry.

1 min read
Source: Fox Business
SEC crackdown on Binance and Coinbase sends shockwaves through crypto industry.
Photo: Fox Business
TL;DR

Binance.US, the U.S. arm of the world's largest crypto exchange, is suspending U.S. dollar deposits as its banking partners prepare to pause fiat dollar withdrawal channels as early as June 13. The announcement comes just days after U.S. regulators sued Binance and its CEO Changpeng Zhao. The exchange says it is taking "proactive steps" in its transition to a crypto-only exchange for the time being, with trading, staking, deposits, and withdrawals in crypto remaining fully operational.

Topics:top-newscryptocurrency#banking-partners#binance#crypto-exchange#cryptocurrency#sec-lawsuit#usd-deposits
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  1. Binance.US suspends USD deposits after regulators crackdown  Fox Business
  2. What the SEC’s Binance and Coinbase lawsuits mean for the future of crypto  Vox.com
  3. SEC’s Gensler goes on the offensive after Binance and Coinbase lawsuits  Yahoo Finance
  4. Why crypto giants Binance and Coinbase have had a very rough week  MSNBC
  5. Op-ed: Why the SEC should stay away from crypto (Part I)  CryptoSlate

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