Altcoins are experiencing significant losses in the wake of the SEC's legal action against Binance and its CEO, Changpeng "CZ" Zhao. The allegations include the exchange offering unregistered securities to the public, including Binance's BNB token, BUSD stablecoin, and several others. The entire cryptocurrency market is down, with most of the mentioned tokens experiencing declines of 5%-10%. Even bitcoin and ether, the world's largest cryptocurrencies, are down 5% and 4.5%, respectively.
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Altcoins Suffer Major Losses After SEC Lawsuit Against Binance and CEO CZ
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