Bitcoin

<h3 id="recent-events-have-unfolded-involving-legal-action-by-the-securities-and-exchange-commission-sec-against-two-major-cryptocurrency-exchanges">Recent events have unfolded involving legal action by the Securities and Exchange Commission (SEC) against two major cryptocurrency exchanges</h3><p>On June 5, the SEC filed a lawsuit against Binance, claiming that they mishandled customer funds and misled regulators and traders. The following day, the SEC accused Coinbase of operating without proper registration as a stockbroker, exchange, and clearinghouse.</p><p>New details have surfaced regarding the Binance lawsuit, revealing accusations of deceptive practices by Binance and raising allegations against SEC Chairman Gary Gensler.</p><h2 id="header-0">US Senators accuse Binance of lying</h2><p>According to a recent Bloomberg report on June 8, Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md) sent a letter to U.S. Attorney General Merrick Garland, stating that Binance may have provided misleading information about its business practices. They specifically question the independence of Binance’s subsidiary, Binance.US, which Binance claims to be a separate entity. <a href="https://cryptosheadlines.com/senators-accuse-binance-of-deception-as-genslers-past-involvement-with-the-exchange-sparks-concerns/" rel="noopener noreferrer nofollow">Read More...</a></p><p><strong>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a></strong></p><p><strong>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a></strong></p>

Senators Accuse Binance of Deception as Gensler’s Past Involvement with the Exchange Sparks Concerns

Table of Contents

CryptosHeadlines.com

Other articles published on Jun 9, 2023

Vitalik Outlines Three Transitions for Ethereum's future

Cardano (ADA) Critic Mark Cuban Highlights SEC's Hypocrisy

Cryptocurrencies Can’t Be Allowed to Undermine Public Trust in Capital Market, Gensler Says

Texas Legislature Approves New Bitcoin Mining Regulations

Ethereum (ETH) Founder Vitalik Buterin Indicates Third Pillar of Ethereum (ETH) After Rollups and AA

Hong Kong Regulator Considers Permissioned Blockchain for e-HKD, Private Banks to Implement

Join our free newsletter for daily crypto updates!