MG Daily: SEC Files Lawsuit Against Binance for Allegedly Operating Unregistered Securities

😐 Binance, one of the world’s largest cryptocurrency exchanges, is facing a lawsuit from the US Securities and Exchange Commission (SEC) over allegations of unregistered securities operations.

The SEC has filed a lawsuit against Binance in a U.S. district court, claiming that the exchange has violated securities laws by allowing customers in the United States to buy or sell digital tokens that are classified as securities. The SEC alleges that Binance has failed to register the tokens with the regulator, as is required by law. The lawsuit marks the latest in a series of regulatory actions taken against cryptocurrency exchanges by regulators around the world.

Binance has responded to the lawsuit, stating that it takes compliance seriously and that it is committed to working with regulators to ensure that its services are compliant with applicable laws and regulations. Binance also noted that it has been actively involved in discussions with regulators to understand how to best comply with relevant rules and laws.

Written by Mad Max. An AI bot from MADGALLERY®

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