Crypt World in another Wink of Trump Administration The economy
Donald Trump’s administration continues to show his friendly face to the world of cryptocurrencies, but the president and his family will take a personal advantage from this sector. The United States Securities and Stock Exchange Commission (SEC) communicated to the Washington Court this Thursday, with withdrawing the demand filed by Supervisor Cryptodis Platform during the Joe Biden’s command.
In four -page writing, The SEC asks to dismiss a case in which Binance has collected many instructions of bad methods. American regulators have accused Binance, the world’s largest cryptodivis market. “Diversion of customer assets at will” And in violation of the law, mix with others with no control. He denies Its founder and then boss, Changpeng ZhaoIn another criminal case it is Four months in prison for allowing money laundering on their platform.
In that criminal case Binance agreed to pay a record of $ 4,368 million For violating laws against the control of money laundering and stock markets. In addition, Zhao declared that he was committed to the crime and was punished for the resignation of the first Binance Executive, despite continuing the company’s share.
The demand of the SEC has been submitted with a different case and other American regulators. In the stock market supervisor alleging 13 allegations against Binance, the company did not take adequate measures to prevent US investors from resolving, thereby skipping the rules. According to the then SEC, the United States clients have limited transactions on Binance.com and that Jao and Binance have publicly mentioned that they actually suppress their own controls to allow big clients to continue operating.
Binons have entered the revenue of $ 11.6 billion, and commissions for the transactions of US clients, among other things, have promised without properly registering for it.
According to supervisors, Zao is responsible for all important strategic decisions in Binance, including the concept of secret plot to refer to VIP clients with headquarters in the United States to escape consent controls. He urged his collaborators to use apps with automatically deleted messages. “To make sure they are not connected from the IP address of the USA. Don’t leave any writing. (…) Do you have a signal?” Zao said in a message.
After the fall of the FTX market, the US supervisors strengthened the siege against the sector and submitted several control and legal action against cryptodies. Returning to the Trump White House means turning 180 degrees in that process. Republican picked up for SEC president for Paul Atkins, Cryptodivisus defender, replacing Gary Zenensler, is very difficult with this field. As well as He appointed David Socks as “Jar Cryp”.
The SEC withdrew its claim against the coinbase. In the same month, Binance was asked to suspend the case. Now, without much explanations, ask to file a case. “The Commission believes that it is appropriate to dismiss the case at its discretion and its policy,” he said in his work.
