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The U.S. Securities and Exchange Commission today sued Binance, the world's biggest cryptocurrency exchange.
As first reported by Bloomberg, the digital asset behemoth and its CEO Changpeng 'CZ' Zhao, Binance's founder and controlling shareholder, have been accused of breaking U.S. securities rules, a court filing shows. The SEC filed the case in federal court in the District of Columbia.
This is a breaking story and will be updated.