Despite the United States Securities and Exchange Commission's lawsuit against Binance, the crypto market remains in a period of low volatility. The SEC alleges that Binance misled customers and directed funds to a separate investment fund owned by its CEO, but the market's expectation of future volatility remains compressed.
This may be due to seasonality, as summers historically have low volatility, and large traders may have already expected regulatory action against Binance. While there was an obvious drop in the market following the SEC's announcement, there is no indication that customer funds have been impacted, and it is unclear if the SEC's authority will extend to Binance.
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