After the group was sued by the SEC, Binance US, the U.S. subsidiary of Binance, began to take relevant countermeasures, including delisting trading pairs with securities properties, such as AAVE/USDT, COMP/USDT, EOS/USDT and BCH/BTC. There is also a temporary closure of OTC trading services to avoid the SEC freezing the assets of its subsidiaries, but there is currently no official explanation for the delisting of trading pairs.
In addition, Binance CEO CZ also revealed on Twitter that he has been summoned by the U.S. District Court. He stated that this is just a standard procedure for SEC prosecution, and he does not need to attend. Users do not need to panic about the market. There are currently rumors in the market that he and Fake news about the death of an armed conflict between the US police and many rumors are circulating. CZ even joked that he has been shot 27 times and does not know what the next accident will be.
Although the encryption market has been severely hit by regulations, the price of cryptocurrency still has a certain degree of resilience. Currently, there is no large-scale capital outflow. The price of Bitcoin continues to consolidate between US$26,000 and US$27,000. Compared with before the SEC incident, The decline is only about 5% and is slowly recovering. This incident is comprehensive. Even Coinbase, the most strictly regulated company, has been sued. It is not an individual incident. Other crypto exchanges operating in the United States are just not large enough. Just escaped.
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This article MICA Daily | Binance US delists 101 trading pairs after being sued appeared first on Blockchain.
