SEC Voluntarily Dismisses Lawsuit Against Binance

The SEC on Thursday voluntarily dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange. It brings an end to one of the last remaining crypto enforcement actions brought by the agency. Reuters reports: The SEC had accused the defendants in 2023 of artificially inflating trading volumes, diverting customer funds, failing to restrict U.S. customers from Binance's platform, and misleading investors about its market surveillance controls. It also accused Binance of unlawfully facilitating trading of several tokens that prior SEC leadership deemed unregistered securities. Developing...

Next up

[ArchieBunker]

Binance starts carrying Trump's shitcoins.

Re:Next up

[DrMrLordX]

They already do.

Re:

[Pf0tzenpfritz]

Binance are a Chinese hoax. Told you so. Hoax. Chinese, definitely.

Re:

[necro81]

Binance are a Chinese hoax. Told you so. Hoax. Chinese, definitely.

Dude, you're saying it wrong. It's pronounced JAE-na [youtube.com].

It's open season on corruption

[rsilvergun]

If you have a 401k you can kiss it goodbye. Your investments are going to take a hit in general.

The entire Financial system is about to become hopelessly corrupt and unless you are also a crook you are not going to benefit from that.

Even if you are a crook you are probably not going to benefit because you're going to be competing with much much bigger crooks than we have ever seen in our entire lives.

No joke I have seen crypto scammers complaining the Trump is muscling them out of their own scam.

That's kind of the problem with putting oligarchs in charge. I know a bunch of people here voted for trump. You had your reasons, you fucked around and you're going to find out.

It looks like the worst of it though isn't going to hit until after the midterms. I recommend you blow through all your savings in anticipation for the super great Trump economy so I can buy your house for cheap from the savings I'm stockpiling in the lead up for the collapse.

Re:

[e3m4n]

You are converting your money into something solvent right? Gold? Euro? Etc? I’m not sure paper money is gonna be worth much here. Don’t look at me, I voted for myself (write-in)

Re:

[rsilvergun]

No I'm just expecting doom. I don't have enough $$$ to make it worth trying to convert it to anything.

Anyway have the day you voted for.

Re:

[hdyoung]

The economy will survive Trump, and crypto in general is a tiny slice of it where the grifters, gullible and gamblers concentrate. And yes Trump falls in that category. But the vast majority of the economy is totally separated from crypto and I dont see that changing. Anyone who has 401k funds in crypto is a moron. I won’t invest my retirement funds with anyone who has even a single finger in crypto.

Yeah sure the economy Will survive

[rsilvergun]

But will your economy survive? I know you're going to answer yes because there's a certain amount of pride that goes with not admitting that everything is collapsing around you.

But honestly when they want to take your house all they have to do is start jacking up the cost of the pills to keep you alive until you're forced to put a mortgage on it and then eventually you're going to miss a payment.

And sooner or later we are all going to need those pills. That's just getting old. If it's not the pills

Well gee

[quonset]

Who didn't see that coming? Between pardoning multiple [thehill.com] fraudsters [npr.org] and drug traffickers [cnn.com], why wouldn't the most corrupt administration in U.S. history see fit to legalize money laundering?

Re:

[thcip]

You didn't add : the president ordering the Justice Department's Market Integrity and Major Frauds Unit to stop all crypto-currency enforcement. Also CFPB has had large personal and funding cuts.