In this video, we delve into the ongoing legal battle between Binance, the world’s largest cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC). This dispute has significant implications for the crypto industry, and we’re here to break it down for you.
The SEC has recently accused Binance and its U.S. affiliate of mishandling customer deposits and providing misleading information to regulators. The SEC’s move to freeze Binance’s U.S. assets has been met with resistance, with Binance arguing that such a move would force them to halt their operations in the U.S.
A federal judge has stepped in, urging both parties to find a middle ground that would allow Binance to continue its U.S. operations while addressing the SEC’s concerns. Interestingly, the judge has also expressed skepticism about the SEC’s approach to regulating the crypto world, describing it as ‘inefficient and cumbersome.’
This legal action is part of a broader regulatory crackdown on the crypto industry, with Coinbase, the largest U.S. exchange, also facing a lawsuit from the SEC.
Join us as we explore these developments, discuss their potential implications, and what they mean for the future of crypto. Don’t forget to like, comment, and subscribe for more updates on the world of cryptocurrency!
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https://www.coindesk.com/policy/2023/06/13/us-judge-rebuffs-sec-request-for-binanceus-asset-freeze-for-now/
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Yellow Stone vulcanite is going to erupt by Mother Nature if congress don’t do the right thing for XRP
Mainstream media talking about this or just these articles? Democratic propaganda is talking about this? If not, he’s staying and it’s a distraction and something bigger is going on that’s very dark and evil as always…
Where in that press release does it say “ SEC move blocked by judge” … judge urges compromise … .. please don’t clickbait .. you’re better.
Keep up the strong work dan!
Binance can use and use the OPPT one People public trust and military order.
CZ was caught money laundering, did this judge get paid off?
The fall of the US dollar is no longer a news,wise investors are buying more physical Gold to secure there asset. I bought 20ounce of Gold to stack my portfolio. MARCIA ANN BICE is an approved Fira dealer of Gold and other precious metals,you can search her online.
I am sick of govorat games and lies. Add on illegitimate taxes too. I hope the right guy runs into Gary, a dismal creature like that needs to be" fixed".
Even the SEC must face some kind of regulation, asking for Binance asset freeze is crazy.
🤣🤣🤣
sEC officials and their bosses are getting corrupt for money and power they are destroying all the institutions . They are take revenge on Trump where all previous corrupt politicians are roaming free
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JUST FREEZE GARY GENSLER! DEFROST HIM IN A 100 YEARS!
How the fuck binance Winn
The courts are far more corrupt than the SEC.
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how much have people lost because of gensler. and he will get away with it.
🤟 Sup Bro? Been a long time.
ARE YOU STUPID!!??!!??
The judge has held off “FOR NOW” the freezing of Binance US assets. That means temporarily/for the moment. You should be telling your subscribers to get all of their crypto and cash off of Binance immediately because a freeze of those assets is eminent!!!!!!! Put your faith in CZ and keep your assets on that platform and lose everything!
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Thank you for the update. Dan you are so reliable, keeping us up to date on what’s going on.
The SEC is starting to bite off more than it can chew!