login
register
Jun 9, 2023 10:59
The United States Securities and Exchange Commission (SEC) sued Binance and Coinbase
The situation in the global crypto market remains complex and unstable. The Securities and Exchange Commission (SEC) added to the negative sentiment this week.
On June 5, the SEC sued bitcoin exchange Binance and its CEO Changpeng Zhao. The U.S. regulator brought 13 charges, including unregistered offers and sales of BNB and BUSD tokens, Simple Earn and BNB Vault products and stacking.
Later, on June 7th, the SEC filed a motion to freeze the digital assets of Binance.US held by the exchange.
Binance bitcoin holdings shrank by 10,500 BTC within two days of the SEC filing its charges. In dollar terms the withdrawal is equivalent to $277 million.
A day after the start of the proceedings against Binance, the SEC filed a similar lawsuit against the cryptocurrency exchange Coinbase. Against the backdrop of this complaint, the cryptocurrency exchange's stock plummeted 19% in a few hours, from $58 to $47. Most of the digital assets on the SEC's list of claims also showed negative dynamics.
Despite this situation in the U.S. and the general concern of the crypto community about what's happening, the Henbbo fund is fully maintaining all of its favorable conditions for staking and participation in the affiliate program. Thanks to our unique business model, Henbbo investors are able to profit in any, even the most challenging market conditions.
Henbbo - smart investment will change your life!
