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US SEC sues crypto firms Binance and Coinbase

June 9, 2023


The regulator has filed 13 charges against Binance Holdings, which operates the largest crypto asset trading platform in the world – – along with US-based affiliate BAM Trading Services (which together with Binance operates the crypto asset trading platform Binance.US) and Binance’s founder Changpeng Zhao.

The allegations 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”.

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