The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, accusing the crypto exchange of violating securities laws. The SEC has extended its oversight to crypto assets worth more than $115bn, citing over a dozen coins as assets that fall under its purview.
Binance has responded to the lawsuit, stating that it is an attack against the entire industry. Other industry players have also come out in support of Binance, but the lawsuit has caused the entire crypto market to drop in value.
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