Binance us news12/11/2023 ![]() The SEC’s aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that. In a statement emailed to Fortune later on Wednesday, a company spokesperson said: “The actions we are taking provide Binance.US with more than seven years of financial runway and enable us to continue to serve our customers while we operate as a crypto-only exchange. 21 to formally respond to the SEC’s allegations. dollars on its platform. Binance has until Sept. customers to illegally access its main platform.Īfter the SEC filed its complaint in June, Binance.US avoided a full asset freeze requested in court by the regulator but said that its banking partners had cut it off, causing it to halt customer trading with U.S. The complaint also alleges Binance allowed some U.S. In the last 90 days, Binance. According to TokenInsight data, the trading volume of the US platform of Binance has suffered a cliff-like decline in the past six months. The regulator accused Binance and Binance.US of evading laws meant to protect American investors by sending billions of dollars of customer funds to a company controlled by Zhao. Since being sued by the US Securities and Exchange Commission (SEC) in June this year, Binance.USs business has been dramatically affected. Now, the company is without a leader as it faces a lawsuit the SEC filed in June. shot up 32.9 from 0.37 to 0.50 in the four hours of the news before cooling. ![]() He also led the company through some of its toughest regulatory challenges, including lawsuits from the U.S. Bankrupt crypto lender Voyager Digital was given court approval to sell its assets to Binance.US as part of. Shroder ascended to the CEO position a month after Brooks’ departure and led the company through a $200 million funding round last year that valued Binance.US at $4.5 billion.
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