SEC Targets Binance for BNB Coin ICO
The initial coin offering that served as the cornerstone of the launch of the Binance cryptocurrency exchange in 2017 is getting a fresh look from federal regulators.
According to anonymous sources cited in a Bloomberg report today by Tom Schoenberg and colleagues, the Securities and Exchange Commission (SEC) is revisiting the origins of the exchange's Binance Coin (BNB) for potential violations of securities regulations. Since its launch in 2017, Binance has become far and away the largest cryptocurrency exchange on the market by trading volume.
News of the federal regulatory probe comes just as Reuters released the results of an unrelated investigation in which the news service claims that at least $2.35 billion in illicit funds have been laundered through Binance between 2017 and 2021.
00:00 - Intro
00:31 - SEC Targets Binance over BNB ICO
04:16 - Thought/Reactions/Analysis
06:00 - Final thought/outro
Source:
https://decrypt.co/102150/sec-binance...