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SEC Lawsuit Bombshells Against Binance & Coinbase Explained Simply with Sam Callahan

Coin Stories

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The Similarity Between Binance and FTX

Binance was issuing the BNB token. They also had a stable coin, which I know the SEC already went after prior to this. It was issued by Paxos. But how similar or different is this from FTX, which also had its own native token FTT that they pumped and traded against their customers? Well, I actually wrote about this. You know, they're not the exact same by any means but it's really easy to look at the similarities because, you know, they had no board of directors. And so there's a lot of similarities between the two.

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