Binance CEO Summoned By U.S. District Court
Binance CEO Changpeng Zhao (CZ) has been issued a summons by the U.S. District Court for the District of Columbia following a lawsuit against himself and his exchange on Monday. …
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Binance CEO Changpeng Zhao (CZ) has been issued a summons by the U.S. District Court for the District of Columbia following a lawsuit against himself and his exchange on Monday. …
Binance’s U.S. subsidiary announced the removal of over 100 advanced trading pairs on Wednesday and paused its OTC trading portal following legal pressure from the SEC to freeze its assets…
According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta.
Binance’s arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.
Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
The US Securities and Exchange Commission (SEC) seems to be out to prove that at least one crypto asset is a security, as stated by Chairman Gary Gensler. The SEC…
The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.
One of the latest SEC filings in its lawsuit against Binance says billions in customer funds are at the “mercy” of Binance CEO Changpeng Zhao.
The U.S.-based exchange said it is “fully operational” and called the Securities and Exchange Commission’s motion “unwarranted.”
The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange.