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Binance US and Voyager suspected of violating federal securities law

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According to reports, an official of the American Stock Exchange said that the staff of the agency believed that Binance US operated an unregistered stock exch…

Binance US and Voyager suspected of violating federal securities law

According to reports, an official of the American Stock Exchange said that the staff of the agency believed that Binance US operated an unregistered stock exchange in the United States. The staff believed that the sale of VGX tokens by Voyager violated the federal securities law.

US SEC official: Binance US is operating an unregistered stock exchange

Interpretation of the news:


According to recent reports, an official of the American Stock Exchange has accused Binance US of operating an unregistered stock exchange in the United States. Furthermore, the staff of the agency has also expressed their belief that the sale of VGX tokens by Voyager violates the federal securities law.

The accusation against Binance US is serious, as operating an unregistered stock exchange in the United States is not only illegal but can also lead to the loss of investor confidence. An unregistered stock exchange is a marketplace where securities are traded but has not been registered with the Securities and Exchange Commission (SEC). Such an exchange does not comply with the relevant regulatory requirements and is deemed to be operating illegally. This accusation comes at a time when Binance US is already dealing with a number of regulatory challenges, with some states denying its applications for licensing.

The issue with Voyager stems from the sale of VGX tokens, which the agency believes violates federal securities law. The sale of securities requires registration with the SEC and compliance with the relevant requirements. Failure to comply with these regulations can lead to severe legal and financial consequences. It is also worth noting that this is not the first time that Voyager has come under the regulatory spotlight. In 2020, the company was fined by the SEC for misleading investors about its digital assets trading platform.

The accusations levelled against Binance US and Voyager are serious, and it remains to be seen how the companies will respond. Given the increasingly stringent regulatory environment surrounding digital assets, it is crucial for companies to be vigilant in their compliance efforts. Failure to comply with regulatory requirements can result in significant reputational damage, legal penalties or even the suspension of the company’s operations.

In conclusion, the accusations levelled against Binance US and Voyager are a reminder of the importance of regulatory compliance in today’s digital asset environment. Companies must take proactive measures to ensure that they are in compliance with regulatory requirements and avoid the serious consequences of non-compliance.

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