The SEC (Securities and Exchange Commission) has recently taken a stance against the popular cryptocurrency exchange Binance.US, claiming that it is operating an unregistered exchange and that its Voyager tokens should be regulated. According to a statement released by the SEC’s Chief of the Cyber Unit, Kristina Littman, Binance.US is in violation of federal securities laws.
The SEC’s statement claims that Binance.US is operating an unregistered exchange and that its Voyager tokens should be regulated as securities. The SEC’s statement further claims that Binance.US has failed to register with the SEC as a national securities exchange and that it has failed to register its Voyager tokens as securities. The statement also claims that Binance.US has failed to take appropriate steps to protect investors and ensure fair dealing in the securities markets.
The SEC’s statement comes after an investigation into Binance.US’s operations and the Voyager tokens it offers. The investigation revealed that Binance.US was operating an unregistered exchange and that its Voyager tokens should be regulated as securities. The investigation also revealed that Binance.US had failed to register with the SEC as a national securities exchange and that it had failed to register its Voyager tokens as securities.
The SEC’s statement is a warning to all cryptocurrency exchanges, including Binance.US, that they must comply with federal securities laws or face enforcement action. The SEC’s statement also serves as a reminder to all investors that they should always research any cryptocurrency exchange before investing in it or any of its tokens.
In response to the SEC’s statement, Binance.US has stated that it is committed to complying with all applicable laws and regulations and that it is taking steps to ensure compliance with the SEC’s requirements. Binance.US has also stated that it will continue to work with the SEC to ensure that its operations are compliant with all applicable laws and regulations.
The SEC’s statement is a reminder to all cryptocurrency exchanges and investors that they must comply with federal securities laws or face enforcement action. It is also a reminder that investors should always research any cryptocurrency exchange before investing in it or any of its tokens. By doing so, investors can help protect themselves from potential risks associated with investing in unregulated exchanges and tokens.
Source: Plato Data Intelligence: PlatoAiStream