Is Binance the SEC’s Next Target? Ripple Lawyer Evaluated!

U.S. Securities and Exchange Commission (SEC) cryptocurrency While increasing the pressure on its units, negative news has come one after another in recent weeks.

After the SEC stopped Kraken’s staking services, the eyes were turned to Coinbase.

coinbase He announced on Wednesday that he had received a warning letter from the SEC. The SEC considers the US-serving exchanges to violate securities laws and asks it to terminate some (staking, etc.) services.

Lawyer John E. Deaton, who was among those involved in the Ripple case, evaluated the SEC’s recent action and said that it would not be limited to Coinbase.

Lawyer who thinks the SEC will continue its war on cryptocurrencies BinanceUS And BinanceHe said he had received, or may soon receive, a similar warning in .

According to Deaton, the reason for the SEC’s aggressive stance is to make more room for traditional brokerages in the cryptocurrency sector, which are under their control and supervision.

“The more I think about the SEC’s war and method of dealing with cryptocurrencies, I am convinced that their aim is to take over a large chunk of the industry.

Caitling Long (CEO of BTC custodian) said she had received Wells notifications on other exchanges.

I doubt that Coinbase is the only exchange. I think KrakenFx, BinanceUS and Binance have or will receive a similar warning.”

Binance CEO recently shared “4” on Cz, which has become a meme. The number “4”, known as the Binance CEO’s rule number 4, reminds us to be careful and ignore the FUD. Cz’s sharing also brought up the questions of whether a new FUD for Binance is coming.

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