3min chapter

Coin Stories with Natalie Brunell cover image

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

Coin Stories with Natalie Brunell

CHAPTER

The 13 Charges Levied Against Binance by the SEC

Binance raised money through an ICO. They issued their B&B token and it was open to the public. So there was an investment of money made. There was an expectation of profit because Binance itself built in certain mechanisms into the token that made the tokens price go up in value. And so it was derived from the efforts of others, the company Binance. Even took 20% of their profits every single quarter. It really fit every prong of the howey test.

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