Binance in Hot Water: US Authorities Continue to Press Legal Charges

Following the lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance and its CEO, Changpeng Zhao (CZ) on June 5, and the temporary freezing of the US branch of the exchange, Binance.US, and CZ’s assets by court order, discussions continue with new participants. John Reed Stark, who alleges the US Department of Justice may have already taken or is about to take action against Binance, has made a chilling assessment. “US Department of Justice Will or May Have Prepared an Indictment” Stark, who spent 19 years in the SEC and served as chairman of the US regulator, tweeted from his personal Twitter account, “There are numerous indications that the US Department of Justice will prepare or has prepared an indictment against Binance.” He further added, “In my view, the charges laid out in the lawsuits brought by the Commodity Futures Trading Commission (CFTC) and SEC read like […] The post Binance in Hot Water: US Authorities Continue to Press Legal Charges appeared first on COINTURK NEWS.