Are These Cryptos Securities!? SEC vs. Binance Breakdown!!
In case you missed the memo, the SEC has sued Binance, CZ and a bunch of entities affiliated with the two. In retrospect this isn’t surprising – US regulators have been scrutinising Binance for years. In the SEC’s case the scrutiny started last year.
What is surprising is that the SEC stated that 10 of the largest cryptocurrencies are securities in its lawsuit, including a stablecoin. This is also concerning, because these coins and tokens could be delisted by US exchanges out of caution.
That’s why we decided to break down the SEC’s reasoning about why these cryptos are securities. I must admit that the regulator was consistent in this case, but it’s reasoning around the stablecoin still didn’t make much sense.
This is one to watch until the end.
⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC Full Binance Lawsuit: https://www.sec.gov/files/litigation/...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.