Binance USUSD (USD) to protect customers and the platform. USD) announced that it would suspend deposits.
In the last week, controversial days continue to pass in the crypto industry. Especially SEC‘of Binance and the steps he took against Coinbase created a bombshell effect. The crypto industry has started to take a stand against the new moves of the US regulator.
The US arm of Binance, one of the exchanges on the SEC’s radar, announced its new move towards the US dollar. Binance US today US dollarwill suspend deposits.
Binance US Draws Attention With Its Move Towards US Dollar
Binancethe US leg of Binance US is on regulators’ radar. The US arm of the popular exchange, the SEC and CFTCwas sued by
Nowadays, when the US dollar moves forward thinking that it has a say wherever it enters, Binance USThe move from ‘ drew attention. Binance US He noted that the SEC’s strategy has become extremely aggressive and frightening. However, Binance US does not intend to take a step back in the face of this situation. The exchange is blacklisting the US dollar, stating that it aims to protect customers and the platform.
Binance US freezes deposits in US dollars as part of its platform services. Exchange, banking partners June 13before US dollar withdrawal announced that it is preparing to pause its channels. Moreover Binance BASEstated that it encourages its customers to take precautions against US dollars.
In legal processes that turn into conflict between the regulator and crypto, BinanceHis step had a great impact. twitterCrypto investors supported this announcement.
The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/AZwoBOgsqS and our business partners have not been spared in the use of these tactics, which has created… pic.twitter.com/rlIe6swIoY
— Binance.US 🇺🇸 (@BinanceUS) June 9, 2023
