The Securities and Exchange Commission has sued Binance
this and their CEO for securities violations.
The financial regulator unveiled 13 charges
against the world's biggest crypto exchange.
They're accusing it of attracting
American customers to its unregulated international
exchange along with grouping customer funds with company funds that,
that suit alleges that Binance higher ups encouraged the use of VPNS
that Americans could hide their location or even change their country of origin.