BINANCE.US SAYS ITS RADIOACTIVE TO BANKS, SEC DEALT NEAR-MORTAL BLOW
Binance.US says its radioactive to banks, SEC dealt near-mortal blow. Binance.US set to acquire Voyager Digital assets for $1B. Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment. Binance.US request for protective order against SEC goes to magistrate judge. Binance.US Opens Beta Testing of iOS App to All Users. Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi. Binance.US Opens Deposits for ADA, BAT, ETC, XLM, ZRX. Binance.US Enables USDC Deposits. Binance.US unable to find bank partners in the United States: Report. Binance.US stated that its company s relationship with banks had been radioactive, Binance US laid off 2/3 of staff in wake of SEC lawsuit, resulting in over 1 billion in assets leaving the platform., Binance.US was dealt a near-mortal blow after a June lawsuit from the United States Securities and Exchange Commission, the world's largest cryptocurrency exchange, extending the regulator's new approach, severely affecting its business operations. An executive from, ending one of the last crypto enforcement actions by the agency., forcing it to terminate over 200 staff as revenues imploded, Binance.US faces severe operational challenges after an SEC lawsuit in June, Binance.US s chief operating officer stated that the SEC s lawsuit had a chilling effect on the company s banking relationships, the COO admitted. Trading volume at the US arm fell dramatically since the lawsuit. The U.S. Securities and Exchange Commission s (SEC) lawsuit against Binance [BNB] has proven to be a death knell for the exchange s operations in the country. The woes of Binance, The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, The lawsuit dealt a near-mortal blow to operations, revenue plunged 75% after near-mortal blow the SEC filed 13 charges against Binance, leading to a radioactive status with banks and significant revenue declines. The lawsuit accuses Binance and its affiliates of selling unregistered securities and other violations, The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, accusing the exchange of mishandling, adding that the SEC had dealt a near-mortal blow to the crypto industry. During a deposition..