After Binance was sued by the SEC, the market suffered a serious decline.
After Binance was sued, Binance US, the US arm of Binance, the US arm of Binance, made statements. Binance US made a statement on Twitter.
Binance US Made a Statement on the Case on Twitter
The SEC sued Binance and company CEO Changpeng Zhao today for negligence of the securities law. After the news of this lawsuit, the market experienced a serious decline. Regarding the case, Binance CEO CZ expressed that they are ready for withdrawals, while SEC chairman Gary Gensler shared details about the case. However, Binance US made statements on its Twitter account.
Today, the SEC filed civil claims against https://t.co/AZwoBOgsqS in what is the latest example of regulation by enforcement under the current Commission. To be clear, we believe the lawsuit is baseless and we intend to defend ourselves vigorously. However, we want to address…