{"id":146770,"date":"2025-01-15T15:00:10","date_gmt":"2025-01-15T13:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146770"},"modified":"2025-01-14T15:26:10","modified_gmt":"2025-01-14T13:26:10","slug":"binance-us-ceo-issues-warning-on-secs-crypto-crackdown-strategy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-us-ceo-issues-warning-on-secs-crypto-crackdown-strategy\/","title":{"rendered":"Binance.US CEO Issues Warning on SEC\u2019s Crypto Crackdown Strategy"},"content":{"rendered":"
He argued that the regulator\u2019s actions, which disrupted banking relationships and stifled operations, are part of a wider effort dubbed \u201cOperation Chokepoint 2.0\u201d to restrict the crypto industry.<\/p>\n
The SEC\u2019s lawsuit against Binance.US, Binance Global, and founder Changpeng Zhao in mid-2023 alleged securities violations. While Binance Global reached a multi-billion-dollar settlement and Zhao faced legal consequences, Binance.US was excluded and remains entangled in legal battles. According to Reed, the aftermath has been devastating, with customer withdrawals, layoffs, and operational challenges undermining the exchange\u2019s stability.<\/p>\n
Reed further alleged that the SEC pressured banks and payment providers to distance themselves from Binance.US, likening it to a covert campaign to isolate crypto businesses. Despite accusations of mishandling funds, SEC lawyers reportedly admitted in court that they lacked evidence of fraud.<\/p>\n