The freeze would have no effect on the company’s larger global exchange, which is already prohibited from operating. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the worlds largest cryptocurrency. The agency is right to crack down on such conduct. Binance.US oversees 2.2 billion in crypto holdings, according to the S.E.C. WASHINGTON, Dec 12 (Reuters) - Splits between U.S. Among other things, according to the SEC, firms controlled by Binance’s owners misused customer funds - putting nearly $200 million, for example, into an account that was used to buy a yacht - and engaged in “wash” trades that artificially inflated transaction volumes. This article covers the basics of staking on Binance.US including what staking is, what the rewards are, and which cryptocurrencies are currently supported. Much like the now-defunct FTX, they combined exchange, brokerage and clearing services - traditionally separated to avoid conflicts of interest - while failing to meet basic standards for disclosure or investor protection. Updated Staking is one of the most popular ways for crypto holders to support their favorite projects and earn rewards on their cryptocurrency holdings. Both Binance and Coinbase sold products that had the features of securities, without registering as such. The SEC complaints, filed in federal court, read like a catalogue of what’s wrong with the intermediaries through which most US investors interact with crypto. It’s a welcome development: In myriad ways, the two enterprises exemplify what financial intermediaries shouldn’t do. The Securities and Exchange Commission has fired a major new salvo in Chair Gary Gensler’s war on crypto, declaring illegal two of the world’s largest digital-token trading platforms, Binance and Coinbase.
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