Litigation against Binance

Some fun-facts that the public isn't aware about. The SEC has been running into a lot of bad luck lately, (and getting desperate). Their case against XRP has been turning into a very long, and drawn out disaster. It was a situation that everyone was expecting the SEC to just steam-roll over the opposition--

Instead, its turned into a repeat of watching the WOKE red-army of Russia get its ass kicked by a much smaller nation of Europe. In a very embarrassing show of force that hasn't gone anywhere but just got bogged down, halted, and is wasting all that tax payer's money.

Now, they opened up multiple other court case fronts, against some other big entities that are also going to pick up arms and fight.

For some reason... the SEC got a little soft with Kraken... Looks like Kraken didn't want to fight this one out, so they compromised... paid a small fine and agreed to surrender staking.

This will be an interesting shit-show to watch unfold... CoinBase is fully prepared to go a 5-year court battle as well. They built up their staking platform for both retail & institutions the last few years, and are not going to surrender that revenue stream easily.
 
The one irony about US law - Securities Violations - Tax Violations and Postal Violations. You are pretty much guilty until proven innocent. Asset seizures are - IMHO - way too easy to get.
 
mervyn said:
don’t know why Nancy can stay so long in the house
More...

Cuz she's got balls and everybody is scared of her. I mean that visit of her to Taiwan, that was gutsy! Even the Pentagon that directs the strongest military forces in the world was trying to talk her out of it. China was circling the island literally with fighter jets and she still went.
 
TheDawn said:
Now CZ Zhao has always claimed that he operated entirely on his own and was never affiliated with or supported by the Chinese government in any way, shape or form. Let's see if the Chinese government comes to his rescue this time. If they do, then we know the truth.
More...

China banned crypto currencies a long time ago.

https://worldcoin.org/articles/china-crypto-ban

Binance is operating in the Cayman Islands. Zhao is Canadian, not Chinese.
Linking Binance to China is another right-wing red herring that has been roaming around for years.
 
Drawdown Addict said:
China banned crypto currencies a long time ago.

https://worldcoin.org/articles/china-crypto-ban

Binance is operating in the Cayman Islands. Zhao is Canadian, not Chinese.
Linking Binance to China is another right-wing red herring that has been roaming around for years.
More...

China has banned crypto that's true but they still finance crypto exchanges operating in Hong Kong and overseas. They know crypto makes money so they finance crypto exchanges as long as they are not operating in mainland China so mainland Chinese can't use it to do whatever and when Binance was operating crypto wasn't banned. CZ Zhao started everything in China first designing HFT trading platforms and then in 2013 he worked on developing a crypto coin called OKCoin and then just four years later he was able to launch the Binance crypto exchange with $15 million from ICO. WHERE did this $ 15 million come from all of a sudden?

I guess we will soon find out with this investigation.
 
You must log in or register to reply here.
Back
Top