The first statement came from Binance.US, the US subsidiary of Binance, about the accusations made by the US Securities and Exchange Commission (SEC).
SEC by today unregistered securities charges after the lawsuit Binance.US first answer from his official Twitter account.
In the SEC case file, BNB And BUSD especially SOL, ADA, MATIC, FIL, ATOM, SAND, MANA , ALGO, AXS And COTI for securities has described and Binance.USaccused the company of selling unregistered securities as it provides trading opportunities for these cryptocurrencies.
Binance.US said in a statement that the lawsuit in question is the latest example of the SEC’s effort to regulate the digital asset industry with pressure. Binance.US stated that the allegations in the case are unfounded, with the following words:
Frankly, we believe the case is unfounded and we intend to defend ourselves to the end.
Stating that it has been in a consistent goodwill relationship with the SEC for the last two and a half years, Binance.US also touched on an important point for the US digital asset industry. Binance.US acknowledges that this latest action against them and coinbase, Gemini, Kraken and others as an indication that the SEC wants to completely eradicate the digital asset industry. It was also underlined that the actions of the SEC will harm the investors it is obliged to protect.
On the other hand, Binance.US called on the US Congress to enact the bipartisan law:
We continue to call on Congress to pass bipartisan legislation that would create a viable regulatory regime for digital assets and protect the industry from bureaucratic extremism. Until then, our country’s leading and innovative role will continue to be undermined.