Investors Are Suing Binance and Its CEO Over Unstable ‘Stablecoin’: The class-action la. . .

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6942161035806093313

Investors Are Suing Binance and Its CEO Over Unstable ‘Stablecoin’: The class-action lawsuit claims Binance violated U.S. securities law and that the crypto trading platform’s ads about Terra were misleading and harmful: https://lnkd.in/duZ57N5z: Binance blocks bitcoin withdrawals as crypto prices crater: Move could heighten regulatory scrutiny of crypto exchanges: https://lnkd.in/dB74P6vU : IThe world’s largest #cryptocurrency #exchange, #Binance, instituted a #pause on #withdrawals of #bitcoin Monday morning, founder and CEO Changpeng Zao announced on Twitter. The news comes amid a steep decline in #cryptocurrency prices, with #bitcoin BTCUSD, -14.23% down more than 14% on the day, while #ether ETHUSD, -17.15% prices slumped more than 18%.

The pause in withdrawals comes amid heightened #regulatory #scrutiny of #cryptocurrency #exchanges by U.S. authorities. The U.S. Securities and Exchange Commission is reportedly investigating Binance Holdings Ltd. for potentially #violating #securities #laws when it issued its BNB token, which provides traders on the platform with lower fees.

#SEC Chairman #GaryGensler has also said that he sees cryptocurrency exchanges as a critical point of focus for U.S. #regulators who want to bring #transparency and #investor #protection to #crypto #markets.

“90% to 95% of the activity in the #lending and #trading of crypto happens on a #platform,” like Binance and other #crypto #exchanges, Gensler said in a Februrary interview with MarketWatch.

“That activity, #centralized on those #platforms, they need the #investor #protection, the #market #integrity and anti-#manipulation” #rules that govern markets for other #financial #assets, he added. “I think the problem is, right now, the public isn’t well protected and there’s a lot of folks who are going to get hurt.”

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Investors Are Suing Binance and Its CEO Over Unstable ‘Stablecoin’ claiming Binance violated U.S. securities law and its ads about Terra were misleading and harmful: https://lnkd.in/duZ57N5z: https://lnkd.in/dB74P6vU :

Investors Are Suing Binance and Its CEO Over Unstable 'Stablecoin': The class-action lawsuit claims Binance violated U.S. securities law and that the crypto trading platform's ads about Terra were misleading and harmful: https://lnkd.in/duZ57N5z: Binance blocks bitcoin withdrawals as crypto prices crater: Move could heighten regulatory scrutiny of crypto exchanges: https://lnkd.in/dB74P6vU : IThe world’s largest #cryptocurrency #exchange, #Binance, instituted a #pause on #withdrawals of #bitcoin Monday morning, founder and CEO Changpeng Zao announced on Twitter. The news comes amid a steep decline in #cryptocurrency prices, with #bitcoin BTCUSD, -14.23% down more than 14% on the day, while #ether ETHUSD, -17.15% prices slumped more than 18%. The pause in withdrawals comes amid heightened #regulatory #scrutiny of #cryptocurrency #exchanges by U.S. authorities. The U.S. Securities and Exchange Commission is reportedly investigating Binance Holdings Ltd. for potentially #violating #securities #laws when it issued its BNB token, which provides traders on the platform with lower fees. #SEC Chairman #GaryGensler has also said that he sees cryptocurrency exchanges as a critical point of focus for U.S. #regulators who want to bring #transparency and #investor #protection to #crypto #markets. “90% to 95% of the activity in the #lending and #trading of crypto happens on a #platform,” like Binance and other #crypto #exchanges, Gensler said in a Februrary interview with MarketWatch. “That activity, #centralized on those #platforms, they need the #investor #protection, the #market #integrity and anti-#manipulation” #rules that govern markets for other #financial #assets, he added. “I think the problem is, right now, the public isn’t well protected and there’s a lot of folks who are going to get hurt.” AWS Partner: Silicon Valley-Wall Street-Pentagon-Global CEO-CxOs: Global Risk Management Network LLC AIMLExchange.com: We create the Digital Future™ BRINT.com: From Future of Finance™ to Future of FinTech™ C4I-Cyber.com: Because the Future of the World Depends Upon It™ #Free #Cloud #Computing #Guide #WellArchitected #Cloud #CloudComputing #CEO #CTO #CIO #CFO Did You Get Your Complementary Copy of: Cloud Computing CEOs-CTOs-CIOs-CFOs Reference Guide Released: 2022, June 8, at New York State Cyber Security Conference: Download Your Copy Now: • 387-Page PDF Guide: https://lnkd.in/gdsNMJ2b: • Conference Presentation: https://lnkd.in/gsJX4s47: How You Can Implement Well-Architected #ZeroTrust #Hybrid-#Cloud #Computing Beyond #LiftAndShift: Cloud-Enabled #Digital #Innovation At #Scale with Infrastructure as Code #IaC, #DevSecOps & #MLOps: AWS Partner: Silicon Valley-Wall Street-Pentagon-Global CEO-CxOs: Global Risk Management Network LLC Investors Are Suing Binance and Its CEO Over Unstable 'Stablecoin' claiming Binance violated U.S. securities law and its ads about Terra were misleading and harmful: https://lnkd.in/duZ57N5z: https://lnkd.in/dB74P6vU :
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Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.