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SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao

Changpeng Zhao talks about the regulatory pressures Binance is facing 363011494

Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities.

the staff of the Ridgewood blog

Washington D.C., June 5, 2023 —The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.

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