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SEC sues Binance for US securities violations
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The Securities and Exchange Commission has sued crypto trading platform Binance and its founder Zhao Chanpeng over more than a dozen charges, including misusing customer funds.
“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” said Gary Gensler, chair of the SEC.
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