![The US Securities And Exchange Commission Sues Binance For Improper Use Of Funds, Causing Cryptocurrency Prices To Fluctuate](https://educationeen.com/wp-content/uploads/2023/08/1686024915167.jpg)
The US Securities And Exchange Commission Sues Binance For Improper Use Of Funds, Causing Cryptocurrency Prices To Fluctuate
In a lawsuit filed in federal court in Washington (USA) on June 5, the SEC alleges that tokens traded on Binance.com and Binance.US, including Solana, Cardano, Polygon, Filecoin, Cosmos, Sandbox, Decentraland , Algorand, Axie Infinity and COTI are offered as securities. They also claim that the world’s largest cryptocurrency exchange violates investor protection regulations. Binance…