Despite Binance's CEO resigning and a hefty $4 billion settlement, the US Securities and Exchange Commission (SEC) continues its probe into whether BinanceUS, akin to FTX, had unauthorized control over customer assets, according to a recent Wall Street Journal report.  
The SEC filed a lawsuit in June, alleging Binance and BinanceUS sold unregistered securities, engaging in fraud and violating laws, with suspicions of unlawfully handling customer funds.  
argues against the SEC's investigation, citing financial strain and a significant user base decline. While Binance and its CEO have pleaded guilty to anti-money laundering violations in a $4.3 billion settlement, it doesn't cover the SEC's fraud allegations.  
Judge Faruqui suggests resolving the dispute by December 15, expressing skepticism about Binance misusing customer funds.  
Meanwhile, <a href="https://optimisus.com/news/crypto-news/former-binance-ceo-changpeng-zhao-restricted-from-leaving-the-us-until-sentencing-rules-judge/" rel="noopener noreferrer nofollow">Binance CEO CZ awaits a decision on travel restrictions</a>, facing potential prison time of up to 18 months. 
The post <a href="https://optimisus.com/market/market-news/binance-faces-ongoing-sec-investigation-despite-settlement-and-leadership-changes/" rel="noopener noreferrer nofollow">Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes

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