This is a very terrible news for both XRP, ADA and binance it self. You can imagine the damage this news will effect on the binance exchange, I was hopping that after the CEO issue and fine given to binance to pay, that it would be all, but to my greatest surprise it seems the SEC are looking forward to pull the exchange down. We have all seen it, binance being the world most popular exchange being tossed to and fro by the SEC, I think this news alone will make lots of investors to cut ties with binance exchange.