"If the SEC’s answer to our petition for rulemaking is 'no,' then they are required by law to tell us, because we have the legal right to question that 'no' in court. In April, Coinbase filed the legal challenge in an attempt to force the SEC's hand and claiming the current requirements are poorly suited for bitcoin, cryptocurrencies and digital assets such as non-fungible tokens (NFTs). In its 13 charges, the SEC claims CZ and Binance used Merit Peak and Sigma Chain, another of CZ's trading companies, to commingle corporate funds with client assets to use "as they please." "The SEC has been unable to determine why a Zhao-controlled entity that was purportedly trading on the Binance.US Platform using CZ's personal funds would have acted as a 'pass through' account for billions of dollars of Binance Platforms customers’ funds," the court filing reads, going on to allege bank statements show $12 billion was sent to CZ and $162 million to a Guangying Chen-controlled company in Singapore. Securities and Exchange Commission's (SEC) barrage against the crypto industry has continued, with the SEC alleging in a new court document that the chief executive of crypto exchange Binance, Changpeng "CZ" Zhao, and his close associate, Binance back office and financial manager, Guangying Chen, funneled billions of customer funds to CZ's offshore trading company Merit Peak via a holding company called Key Vision Development Limited. "We continue to believe that the SEC could not be proceeding with litigation against our industry, like the case filed against us today, if the SEC had not already decided to deny our petition for rulemaking." That is why we petitioned the SEC for rulemaking nearly a year ago in the first place," Paul Grewal, chief legal officer at Coinbase, posted to Twitter. "Rules of the road, from legislation or rulemaking or both, must come before enforcement actions. The United States Court of Appeals for the Third Circuit has ordered the SEC to explain if it intends to decline Coinbase's request, the reasons for such a decision, or a timeline of when it expects to come to a conclusion, it was reported by Coindesk. havoc for the bitcoin price and major coins ethereum, BNB and XRP. Binance.US GitHub activity began on Jun 28, 2019, until now it has 1 public repositories.SEC chair Gary Gensler has been waging a war on cryptocurrencies over the last few years, causing. Since then, the brand has generated 14,159 subscribers, which is a small fan base. The company’s Ahrefs Rank is 30,135, and the Website Domain Rating is 76 - both of these metrics are deemed as very good.īinance.US has joined Reddit on Sep 17, 2019. Binance.US currently has 82,328 monthly organic visitors to its website, which is quite a low amount of traffic. Looking at Binance.US Telegram stats, the project has 11377 members. It’s important to note that Binance.US has posted 10,970 tweets since it joined Twitter on Apr 09, 2019, which shows the brand’s level of involvement and proactiveness. On the other hand, Binance.US is following 159 Twitter accounts. Looking at Binance.US Twitter statistics, it’s clear that the brand has 415,764 followers, which is considered to be a quite average follower base. By analyzing Binance.US social media signals, you can instantly see how active, community-involved and popular the company is.
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