SEC sets out 13 charges against crypto giant Binance and founder Zhao

The Commission claims that Binance knew it was violating the rules in order to maximize profit.

Binance Holdings Ltd, its US-based affiliate, BAM Trading Services Inc. (BAM Trading), and their founder, Changpeng Zhao, have all been charged with a variety of securities law violations.

The SEC is the latest regulator to take on Binance after the CFTC charged three Binance entities in March over alleged numerous

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