The SEC complaint against Binance is huge, the SEC freeze on Binance.US assets is huge, and the SEC submitted nearly a hundred exhibits in evidence. And we read through every one of them.
Part one of our writeup is over at Amy’s blog. [Amy Castor]
In this edition:
- The SEC complaint
- The “Tai Chi” plan to dodge US regulators — with original documents
- Binance.US’s sock puppet CEOs
- Freezing US customer funds against CZ
- How the Binance money funnel works
“4,” as CZ would say.
Looking relaxed there, CZ
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So it’s nut cutting time, by the looks of it. But why is the SEC not targeting Tether as well? Is that a strategic consideration, because they want to establish accountability on the parts of Binance and Coinbase, before they go for the throat (which targeting Tether would probably constitute)?
They’d have to find a security-specific thing to charge Tether on. I can think of a few, but the SEC also has to basically be sure it’s absolutely legally solid.