Post by mistyybanusfo on Jan 11, 2024 4:37:20 GMT -5
It has been engaged in good-faith discussions to resolve the investigation but declined to engage productively with the platform. Binance criticized the regulator’s enforcement and litigation tactics in favor of a more thoughtful and nuanced approach to the dynamic and complex cryptocurrency technology. The cryptocurrency exchange said the U.S. Securities and certain tokens and services as securities even when other U.S. authorities claim jurisdiction. This exacerbates existing challenges in the cryptocurrency space and fails to satisfy the need to comprehensively Regulatory framework needs. Binance said the SEC’s actions could undermine the United States’ position as a global leader in financial innovation.
Since digital asset regulation is still underdeveloped in many parts of the world, Binance believes that relying on law enforcement for regulation is not the best way forward. Instead the exchange claims that an Thailand WhatsApp Number Data effective regulatory framework should be characterized by collaborative transparency and thoughtful policy engagement it believes it has abandoned this path. Binance further emphasized that the allegations regarding the security of user assets on the platform are undoubtedly false. The exchange assured that all user assets including those on Binance and its affiliated platforms are safe and that the action was unjustified given that the committee had ample time to conduct its investigation.
Vowed to vigorously defend against any accusations to the contrary. It appears from these developments that the SEC's goal has never been to protect investors but to protect investors. If this is the case staff will thoughtfully discuss the facts with us and work to demonstrate the safety of the platform. Instead the SEC's real intention appears to be to make headlines. Binance said in a statement. Binance said it will continue to cooperate with U.S. and global regulators. For further information we recommend that you refer to the terms and conditions and the help and support pages provided by the publisher or advertiser. Committed to accurate and unbiased reporting but market conditions are subject to change without notice.