Ali Somuk 
SEC targeted Binance US! Crypto markets experienced the most significant drop in recent months. After consecutive fud news, Bitcoin fell below $25,500.
A few days ago SEC posted a 136-page long complaint against BinanceUS and argued that they traded their own assets (BNB and BUSD) and sold investment contracts of some coins. In this complaint, many coins have been outlined as securities $SOL,$ADA,$MATIC,$FIL,$ATOM, $SAND,$MANA,$ALGO,$AXS, and $COTI.
BinanceUS posted “The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry.BinanceUS and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.”
As a result, Binance US suspended USD deposits and preparing to fiat (USD) withdrawal channels with their banking partners to protect and encourage customers.
It’s not the first time SEC targeted a crypto exchange, Coinbase was also charged by SEC before for failing to register the offer and sale of the staking-as-a-service program which causes customers to earn profits from the “proof of stake” mechanism of some blockchains.
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