The court ordered Crews to return $530,000 in net profits. Additionally, Crews must pay approximately $51,000 in interest and a $530,000 civil penalty. He has also been permanently barred from violating securities laws. The SEC achieved this victory despite reduced crypto enforcement during the Trump administration. The agency claimed Crews operated a crypto fraud scheme through two entities, Four Square Biz and Stem Biotech, between October 2019 and May 2021. During this period, he and his partners raised about $800,000 from nearly 200 investors using a digital asset called “Stemy Coin.” Most of the investors were African-American individuals and members of church communities. 

Stemy Coin: Unveiling the Stem Cell Crypto Scam

Crews promised to refund unaccredited investors, but failed to fulfill that commitment. The SEC highlighted that Crews did not take reasonable steps to verify the financial status of investors and lacked personal financial information on most of them. These oversights jeopardized investor safety and led to violations of securities laws. Investigations confirmed that Stemy Coin had no real product or technology, exposing the project as a complete scam. 

To persuade investors, Crews made false claims, stating the token was backed by stem cell technology and assets like gold. He also claimed partnerships with laboratories, products, stem cell treatments, and doctors, all of which turned out to be fabricated. The SEC successfully demonstrated the falsity of these claims. 

Investigations revealed that the companies produced neither products nor technologies, and there was no evidence of labs or scientific studies. The SEC emphasized that these actions violated several provisions of the Securities Act and Exchange Act. 

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Binance Leads in Liquidity and Bitcoin Investments 

According to CryptoQuant data, Binance is three times larger than its closest competitor, OKX exchange. OKX’s stablecoin reserves stand at only $8.20 billion, or 15.39%. This indicates that the majority of digital currency trading takes place on Binance. 

Furthermore, as of 2025, Binance has surpassed all other exchanges with inflows totaling $180 billion. This data reflects increased trust in the exchange and signals a possible bull market. This liquidity growth may support the next upward market movement. 

High inflows also indicate a rising user base and increased trading volume. Additionally, institutional investors are believed to be turning to Binance. Binance receives more average Bitcoin (BTC) investments than any other exchange, proving users trust Binance’s infrastructure for BTC transactions. 

Binance Maintains Strength Despite SEC Pressure 

Compared to other major exchanges, Binance’s dominance is striking. Coinbase’s stablecoin reserves are $5.33 billion, Bybit’s $2.73 billion, and MEXC’s $2.24 billion. However, despite past investigations by the U.S. Securities and Exchange Commission (SEC), Binance has not lost its leadership. The recent dismissal of the SEC’s lawsuit against Binance was a significant development for the sector. 

Leading crypto exchange views this process as a turning point and focuses on growth. CEO Richard Teng called on the community to “focus on building.” According to him, innovation, not speculation, is essential to lead in crypto. 

Whether Coinbase, OKX, and Kraken can compete with Binance remains uncertain. For now, Binance’s market dominance continues undisputed. 

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