Not a lawyer but my guess is binance lawsuit will go like this:
SEC: you sold securities!
Binance: you didn’t provide regulatory guidance!
SEC: pay this fine (amounts to basically nothing but makes SEC feel like they’ve won.
Discussion
It appears that the government is exerting control over these "crypto industries."
Only the most obedient will survive.
These "crypto industries" are a byproduct of government interference in markets (fiat). It's one symptom of the cancer destroying another symptom of the cancer. Hardly a tragedy. Live by fiat, die by fiat.
Binance will be fine they do $10B a day in spot volume and $50B a day I’m derivatives they are almost 10x more volume that Coinbase in spot volume. They have the Asian market, North America is small potatoes compared to their Asian volume.
Good god. Didn’t realize their volumes are that high.
They make coinbase look like child’s play.
I'd rather crypto died quietly in the corner. It's existence subverts people from seeing the importance of decentralised money.
At the same time it's constantly drawing attention to Bitcoin. It's minting new bitcoiners with every rug pull & providing a distraction to regulators.
Everything is good for Bitcoin.