Experts Evaluated The Impact Of The SEC’s Lawsuit Against Bitcoin Exchange Binance!

As you know, yesterday evening U.S. Securities and Exchange Commission Binance and its CEO, CZ’He accused him of violating securities laws and sued.

CZ, who made a statement on this, described the news as FUD. Binance US argued that the case was the latest example of sanctioned regulation by the current SEC administration, unfounded and not justified by facts, law or the Commission’s own precedent.

In addition to these statements, Binance US added that they are open to efficient protection to protect customers.

Cardano (ADA) founder Charles Hoskinson, Tron (TRX) founder Justin Sun While support messages were sent to Binance and CZ by important names in the crypto money industry, such as the crypto money industry, experts evaluated the effects of the lawsuit filed by the SEC.

Speaking to Coindesk James Bianco, president of Bianco Research He said the lawsuit against Binance could have two aspects.

Stating that this case could be a big mistake in the first aspect, Bianco stated that in the second aspect, it could bring regulatory clarity to the crypto industry in the USA.

“The SEC’s lawsuit against Binance, the world’s largest cryptocurrency exchange, could be a huge mistake if other countries allow the crypto industry to flourish and eventually replace the traditional banking industry.

If cryptocurrencies are the next advanced design of the financial system, this case is a big mistake.

In this context, we think that the sanction action against Binance is an attempt by US lawmakers to get crypto out of the country.”

Aaron Kaplan, CEO of Prometheum Inc. argued that the SEC’s lawsuit against Binance could bring regulatory clarity for crypto.

“This meaningful action by the SEC marks the beginning of a shift towards a regulated infrastructure for crypto in the US.

This, in turn, will ultimately help the industry move forward. I anticipate this will be a net benefit for US investors and allow innovation to flourish.”

Steve Rosenblum, founder of risk management platform Libertify “The SEC’s legal action against Binance in the US seems not only justified, but also somewhat overdue. Binance has been criticized for its perceived lack of operational transparency. Senior executives within the company seem largely inaccessible, adding to this concern.” said.