Crypto Doom! U.S. SEC Files 13 Charges Binance And Founder Changpeng Zhao!
It was expected, but still, Bitcoin slipped to below $26,000 after the U.S. Securities and Exchange Commission (SEC) charged Binance, which operates the world's largest crypto asset trading platform. The charges name several entities and their founder, Changpeng Zhao (CZ), as defendants. They are charged with various securities law violations. in 136 pages, the SEC describes in great detail the Binance structure and has also identified CZ as the beneficial owner behind the Legal Entities.