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

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

41 minutes ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

1 hour ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

2 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

2 hours ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

2 hours ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

5 hours ago

This website uses cookies.