BREAKING: SEC Sues Binance and CZ For 'Blatant Disregard of the Federal Securities Laws,' Names Coins It Deems As Securities
- “Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” said SEC Chair Gary Gensler.
- "Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities."
- The lawsuit also claims that coins like SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, COTI, BUSD, and BNB are all unregistered securities.