• February 27, 2024

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The SEC Starts Investigation into Binance.US

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Binance.US, the US branch of crypto exchange Binance, has came under increased control by the Securities and Exchange Commission (SEC).

According to The Wall Street Journal, the regulator has seriously taken up Binance.US and two other firms associated with Changpeng Zhao, the CEO of the parent company.

We are talking about Sigma Chain AG and Merit Peak Ltd. The SEC says that Binance.US has not disclosed any ties to these two merchants to its clients.

The regulator has already sent an official request to Binance demanding the company to provide all the corresponding information.

The exchange came under the control of the US authorities after the head of the SEC, Gary Gensler, announced the need to protect crypto investors. He believes that only through the introduction of a regulatory framework it is possible to increase the transparency of the digital asset market.