Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Reading: SEC Continues to Keep a Close Tab on Binance
Share
  • bitcoinBitcoin(BTC)$28,261.00
  • ethereumEthereum(ETH)$1,818.06
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$317.12
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.53
  • cardanoCardano(ADA)$0.398422
  • staked-etherLido Staked Ether(STETH)$1,811.54
  • dogecoinDogecoin(DOGE)$0.075603
  • matic-networkPolygon(MATIC)$1.10
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > SEC Continues to Keep a Close Tab on Binance
News

SEC Continues to Keep a Close Tab on Binance

Jim Haastrup
Last updated: 2023/03/14 at 12:09 PM
Jim Haastrup Published August 8, 2022 March 14, 2023
Share
VOC, Voice of Crypto, EU Law

The United States Securities and Exchange Commission (SEC) investigates Coinbase, the country’s largest exchange. It has also set its sights on global giant Binance, which could mean bad news for cryptocurrency investors in America and worldwide.

Contents
Cryptocurrencies Are Not Securities…YetSEC Warpath

Coinbase and Binance have gone above and beyond to comply with all regulations. For example, Binance operates a separate division called “Binance US,” which only offers limited services for American customers to avoid violating any regulations. But it seems that’s still not enough for SEC to back off.

On the other end, crypto-friendly regulators, the Commodity Futures Trading Commission (CFTC), are more likely to adopt an approach that is not based on enforcement and lawsuits.

It has been reported that the SEC staff is currently investigating every US crypto exchange, according to a Forbes report; however, no further details were given, so it remains unclear what stage each business stands at or if they are even aware of these investigations happening in relation with them.

Cryptocurrencies Are Not Securities…Yet

The Securities and Exchange Commission operates outside its jurisdiction because crypto assets have not yet been legally classified as securities.

In an interview with Republican Sen. Tom Emmer, he said that the agency and its anti-crypto chair Gary Gensler are “hell-bent on expanding their jurisdiction using enforcement as a tool for it.” According to an anonymous official, the US Securities and Exchange Commission has called for a quick resolution to their dispute with the CFTC over cryptocurrency jurisdiction.

The recent introduction of two bills to give the CFTC more jurisdiction over cryptocurrencies has sparked optimism among traders. However, the officials are still not expecting either bill to be passed this year. The Lummis-Gillibrand bill was submitted on June 7, and the Digital Commodities Consumer Protection Act was also announced.

SEC Warpath

If the United States is serious about cracking down on cryptocurrency exchanges, it’s only a matter of time before they receive Wells Notices from the SEC. When a company is about to be penalized for breaking the law, they receive this letter. It has been reported that these instances are separate from standard SEC procedures.
The exchange Binance.US delisted AMP this week after SEC deemed its security.

Crypto regulation in America continues to be a hot topic with little sign of conclusion. This only prolongs the uncertainty for companies trying to comply, which ultimately serves no one’s interest.

 

 

 

 

 

 

You Might Also Like

SEC Head Gensler Seeks $2.4B to Fight Crypto Corruption

MetaMask Issues Warning on Fake Airdrop Rumors

9 Proven Ways to Secure Your Crypto Portfolio

VC Bets Big on Bitcoin Price Hitting $1M By June

Voyager Liquidating SHIB, Ethereum, SUSHI, LINK, COMP and Other Cryptos

TAGGED: Crypto Exchange
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article Amid-Speculations-and-high-social-attention-Could-NFTs-be-a-Scam Why Did CryptoDickbutts Ethereum NFTs Surge by Almost 690% Today?
Next Article VOC, Voice of Crypto, ED Why Did ED Freeze Wazirx Director’s Bank Account?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Gary Gensler SEC US Crypto
SEC Head Gensler Seeks $2.4B to Fight Crypto Corruption
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?