Breaking: U.S. SEC Launches Investigation Against Binance Moni (BNB)

By Bitcoinist - 1 tau ki muri - Wā Pānui: 2 meneti
Mane, Hune 6, 2022 9:29 PM

Breaking: U.S. SEC Launches Investigation Against Binance Moni (BNB)

Mo a Bloomberg pūrongo, the U.S. Securities and Exchange Commission launched a probe against crypto exchange Binancete tohu taketake Binance Coin (BNB). The Commission is investigating Binance Holdings Ltd., the report claims, for potentially breaking U.S. securities law.

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Binance was launched in 2017, and in July that year, it deployed its native token via an Initial Coin Offering (ICO). Binance Coin (BNB) was distributed amongst early backers and angel investors and the exchange’s core team.

The token was sold for 15 cents at its public sale, and it help Binance to raise around $15 million in funds. The money was used to improve the platform, growth, marketing, education, and more.

Citing people familiar with the matter, Bloomberg claims the Commission is investigating if Binance should have registered BNB as a security and if the ICO constitutes the illegal sales of an unregistered security. The token is currently of the most popular in the world and has been moving from the third to the fifth position in terms of market capitalization.

I te wa e tuhituhi ana, Binance Coin (BNB) trades at $295 and records a 2% and 4% loss in the last 24-hours and 7-days, respectively. The token records over $48 billion in market cap, the number three token without counting stablecoins Tether (USDT) and USD Coin (USDC) and seems to be negatively reacting to the news.

Additional information claims the Commission might also be proving Binance.US, Binance’s subsidiary, to determine if the company is separated from its parent company business. Binance is yet to issue an official statement related to the investigation.

The crypto exchange platforms seem to be facing a day of negative news. Earlier today, Bitcoinko korerotia on a Reuter investigation claiming that Binance has enabled as much as $2.3 billion in money laundering through its platform.

Binance deny these accusations and highlighted its role in assisting law enforcement agencies to prevent criminals from levering its platform for illegal activities.

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The U.S. SEC has launched legal actions against crypto-based companies for allegedly selling unregistered securities. Most notoriously, the Commission is currently in a legal battle against payment company Ripple and two of its executives for this reason.

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Ko te pakanga ture kei tawhiti atu i te mutunga, engari ko nga whanaketanga tata nei kaore e pai ki te kaiwhakahaere. I roto i taua tikanga, tohunga ture Collins Belton kōrero the following on the probe against Binance Coin (BNB):

Kua 5 tau kua hipa, a he teitei ake te mcap i te nuinga o nga kamupene o Amerika, he aha koe e tatari roa ai ki te mahi mahi mena kei te awangawanga koe mo te kino ka taea? Ko te tuku poihau anake ki te werohia i te wa ka nui te ahua he tohutoro mo te whakararu i te kino o nga kaihoko, kaua ki te aukati.

Kuputuhi taketake: Bitcoinko