The post SEC Accused Binance Of Unregistered Offerings of BNB & BUSD- Here’s a Look at SEC’s Charges appeared first on Coinpedia Fintech News
In a significant development that could send shockwaves through the cryptocurrency industry, Binance, one of the world’s leading cryptocurrency exchanges, has found itself in the crosshairs of the U.S. Securities and Exchange Commission (SEC). In the latest lawsuit, the SEC alleges that Binance has been facilitating unregistered offerings, including its proprietary tokens BNB and BUSD, along with a host of other cryptocurrencies.
Binance Under SEC’s Lens
The SEC’s filing asserts that Binance has been offering crypto assets for trading that are presented and sold as investment contracts, thereby classifying them as securities. This list includes BNB, BUSD, and other crypto assets identified by trading symbols SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI, collectively referred to as the “Crypto Asset Securities.”
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