Binance.US deems SEC lawsuit ‘baseless’; plans to defend self
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By avidanbanks@gmail.com
- In CoinNews
Binance.US, the United States subsidiary of the embattled Binance exchange, described the Securities and Exchange Commission’s (SEC) lawsuit against its platform as “baseless.” In a June 5 statement, Binance.US said the lawsuit was the latest example of the financial regulator’s regulation-by-enforcement approach towards the crypto industry. According to the exchange, the SEC “seeks a near […]
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Liquidations surpass $200M in 1 hour after SEC’s Binance lawsuit
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- In CoinNews
The U.S. Securities and Exchange’s (SEC) lawsuit against Binance wiped off over $200 million within one hour from crypto traders who held positions on the market. Following the news, CryptoSlate’s data showed that the total market cap of digital assets declined 2.87% to $1.12 trillion. Nearly $300M in the last 24 hours The crypto […]
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