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The SEC Sues Binance and CZ on Allegations of Violating Federal Securities Law
The SEC has sued Binance and CZ on allegations of violating federal securities law. Over $20 billion went through this entity that CZ owned Merit Peak, which is associated with Sigma chain. Interestingly, also BUSD was named as a security, BUSD, the stable coin. The day after the SEC has seek emergency relief to ensure Binance US customers are protected.