What Being In Regulatory Crosshairs Means For Binance
Multiple U.S. regulators have the world's largest crypto platform, Binance, in their crosshairs. casting doubt on the path ahead.
U.S. regulators are getting serious about cracking down on cryptocurrency markets in light of the collapse of FTX. It's being eyed by agencies ranging from the U.S.
Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the New York Department of Financial Services (NYDFS). «Binance is stuck in the middle of a coordinated attack on crypto by U.S.
financial regulators,” said Thomas Hogan, a senior research at the American Institute for Economic Research. „Binance is being targeted because it's structured like the now-defunct crypto exchange, FTX—an offshore entity with 'regulated' U.S subsidiary.” Binance didn't respond to a request for comment.
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