The world’s largest cryptocurrency exchange Binancehas been in conflict with the US government lately. Just a few months ago, the US Commodity Futures Trading Commission (CFTC) announced Binance and Binance CEO Changpeng Zhao—aka CZ— lawsuit filed. As the effects of this event continue, this time a new case topic is on the agenda.

With Binance’s US arm, CZ, now with the US Securities and Exchange Commission (SEC) was charged. In a statement released by the SEC, Binance, and thus the company’s CEO, is violating US securities laws. has violated gave up. To put it in plain language, the SEC said Binance failed to comply with US laws and investors alike you cheated is thinking.

SEC alleges that Binance has embezzled billions of dollars in customer funds

The institution, which is the regulator of the financial markets in the country, is against the giant stock market. on 13 charges found it. The SEC alleges that Binance failed to separate customer funds from its own corporate reserves and that they were sent to a European-based company controlled by Zhao. In the statement, “Defendants place investors’ assets at significant risk. they enriched themselves with billions of dollars” expressions were used.

In addition, the SEC has listed Binance in the US. unregistered He also accused him of running a trading platform and allowing US customers to trade cryptocurrencies on an exchange that is not supposed to be in the country. SEC Chairman Gary Gensler as well trying to get around the law while specifying Binance as “Through 13 allegations, Zhao and Binance organizations had extensive deception, conflict of interest and orchestrated evasion of the law., don’t explain” He said they accused him of things like:

Binance statement: “SEC’s goal is to make headlines”

Binance official on the US Securities and Exchange Commission case from the website replied. The giant crypto exchange is urging the regulator to complain rather than seek solutions disappointed stated that they had been. The exchange added that they have previously actively cooperated with SEC investigations and are working hard to address the concerns.

The exchange also addresses any claims that user assets on the Binance platform in the US are at risk. it’s all wrongstated that all user assets are safe. The company also states that the SEC’s target makes headlines He added that he was thinking.

SEC Wants to Freeze Binance’s Assets!

Tensions between the US government and the SEC go climbing apparently. Because yesterday the institution took another step in this matter and requested that Binance’s assets be frozen. The SEC’s statement said that this request was to protect customers. On the other hand; All client portfolios are located in Binance USA switch to new wallets and this wallet information is also requested to be shared with the US government. Many lawyers say the SEC is taking a very aggressive stance.

Now let’s get to the main issue: what exactly are crypto investors facing?

Let’s leave aside the editorial part of the work and talk about what awaits cryptocurrency investors in our country. Let me start by saying: The lawsuit filed by the SEC concerns “Binance Global” users it’s not a matter. If the judges accept the SEC’s application and Binance freezes US assets, nothing in our lives will change. Because Binance TR and Binance worldwide we use.

On the other hand; from Binance the world’s largest Let’s not forget that it is a cryptocurrency exchange. This huge company is not that much affected by the lawsuits. Because, according to a report from CNBC, with the SEC case on the agenda, only Binance $791 million crypto withdrawn. If we were talking about another exchange here instead of Binance, we would probably be talking about bankruptcy right now.

In fact, the things that happen for each “halving” are…

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Remark: This content cannot be considered investment advice.