News

SEC Is Investigating Into Binance’s BNB Token

According to reports, the Securities and Exchange Commission (SEC) is looking into whether Binance’s BNB coin constituted a security when it was sold in 2017.

SEC Is Investigating Into BNB Token

The SEC has opened an investigation into the BNB token. The US Securities and Exchange Commission is investigating whether the sale of the exchange’s BNB token during a 2017 initial coin offering constituted an unregistered sale of securities.

Gary Gensler, the chairman of the Securities and Exchange Commission, has expressed concern that platforms may be hosting tokens that could be classified as securities, but his comments have focused more on holding exchanges accountable for hosting unregistered securities than going after projects themselves, as previous SEC regimes did during the ICO boom.

A number of US regulators have scrutinized Binance

SEC Is Investigating Into BNB Token

The SEC is also apparently looking into Binance.US, the exchange’s US subsidiary, to see if it is properly distinguished from its worldwide version. The Internal Revenue Service and the Department of Justice are also looking into Binance’s operations, and the Commodity Futures Trading Commission (CFTC) has reportedly initiated an investigation into whether Binance enabled US residents to use its platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

34 mins ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

4 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

6 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

6 hours ago

This website uses cookies.