The post How Binance is Fighting Back Against SEC Accusations? appeared first on Coinpedia Fintech News
Binance, the world’s largest cryptocurrency exchange, and its US affiliate are currently under investigation in the United States for various alleged crimes, such as aiding money laundering and committing tax offenses. Recent findings have come to light indicating that a senior executive at Binance, closely linked to Changpeng Zhao (also known as CZ), managed five bank accounts on behalf of the exchange’s independent branch in the US.
However, it seems like Binance has a plan of action to fight back against these allegations. Read on for more details.
SEC’s Charges Against Binance
The Securities and Exchange Commission (SEC) has brought forth a total of 13 charges against Binance, each pertaining to different alleged misconduct. According to the SEC, Binance has been accused of disregarding federal securities laws, which are designed to safeguard investors and maintain the
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