- The SEC has sued Binance and Changpeng Zhao. The Securities and Exchange Commission (SEC) sued bitcoin exchange Binance and its CEO Changpeng Zhao.
These and many other negative news stories, about the world's largest exchange, have been in the air for months. Question:
- What will the problems of Binance lead to for crypto market and crypto users?
While the allegations of violating the rules are quite serious and weighty against Binance and its founder CZ (Changpeng Zhao). Nevertheless, it is important to recognize that Binance is a leading crypto currencies exchange with robust and professional legal team. They will certainly take all necessary measures to defend their position effectively in the court and do all what they can to survive this crisis. I am optimistic that the outcome of this lawsuit will be in favor of Binance , as potential closure of their business in USA will have far reaching consequences, not only Binance but for the entire crypto currencies market.