United States of America: SEC public lawsuit against Binance Entities over alleged failure to register as an exchange, broker-dealer and clearing agency
Progress
Current status
under investigation
17 Jun 2023 under investigation
05 Jun 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
executive
Government Body
court
other regulatory body
Implementation Level
national
Timeline of events
Issued interim ruling in SEC public lawsuit against Binance Entities over alleged failure to register as an exchange, broker-dealer and clearing agency
On 17 June 2023, the Securities and Exchange Commission (SEC) announced that the court approved an order including emergency relief for investors' assets as part of its lawsuit against Binance Entities over alleged failure to register as an exchange…
Event type
public lawsuit
Action type
interim ruling
Government branch
judiciary
Government body
court
Filed SEC public lawsuit against Binance Entities over alleged failure to register as an exchange, broker-dealer and clearing agency
On 5 June 2023, the US Securities and Exchange Commission (SEC) filed a public lawsuit against Binance Holdings, its US-based affiliate BAM Trading Services and founder Changpeng Zhao over alleged failure to register as an exchange, broker-dealer an…
Event type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body