<ul><li>BNB’s price tanked due to the lawsuit the SEC served its parent exchange.</li><li>The coin’s value could fall further since the 12-day EMA diverged below the 26-day EMA.</li><li>Binance responded to the allegations, noting that the SEC was dishonest in carrying out its duties.</li></ul>The value of <a href="https://coinedition.com/tag/Binance-Coin-BNB/" rel="noopener noreferrer nofollow">Binance Coin (BNB)</a>, the native exchange of the world’s largest exchange fell by 7.93% in the last 24 hours. This could be the result of the lawsuit the U.S. Securities and Exchange Commission (SEC) served Binance during the trading hours of June 5.According to the regulatory agency led by Gary Gensler, Binance, including its U.S. entity was involved in several irregularities.<a href="https://coinedition.com/bnb-falters-binance-outflows-surge-as-sec-saga-intensifies/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

BNB Falters, Binance Outflows Surge as SEC Saga Intensifies

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