SEC's crackdown on crypto exchanges threatens industry's future.
Binance.US has reportedly hired former SEC enforcement co-director George Canellos, currently with the international law firm Milbank LLP, along with three other lawyers, as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange. Canellos’ addition to the Binance.US legal team comes amid the U.S. firm facing a lawsuit from the SEC alleging it failed to register as an exchange, broker and clearing agency.