Binance CEO Confirms: This Altcoin Is In The SEC Clamp!

Binance CEO Changpeng Zhao (CZ) answered questions regarding the US Securities and Exchange Commission (SEC) investigation. The founder of the crypto exchange acknowledged the SEC’s interest in the altcoin project’s token.

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Altcoin project Binance Coin (BNB) under SEC investigation

The founder of the world’s largest crypto exchange has stopped rejecting the SEC’s interest in Binance’s exchange token. Binance founder and CEO Changpeng Zhao ‘CZ’ stated that the US Securities and Exchange Commission (SEC) is ‘asking questions’ about the BNB exchange token. He also noted that the SEC has not yet issued a subpoena for the exchange.

Earlier this month, Bloomberg reported that the SEC is investigating whether the BNB token constitutes an unregistered security. CZ said the SEC regularly asks viewers at Consensus 2022 about Binance and its products. He also stated that the exchange is in regular contact with the authorities.

Altcoins

On the other hand, CZ stated that Binance has not received notice of the subpoena. AmkNews.com As we reported, CZ said they are only in contact with the SEC. Also, the SEC declined to comment on the existence of an investigation, as is its policy.

Separately, Binance is under investigation by the Department of Justice, the Commodity Futures Trading Commission (CFTC), and the Internal Revenue Service. CZ also said that although he has a bank account, he does not use it regularly.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.