The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance and its founder Changpeng Zhao for violating federal securities laws 1. The lawsuit has had an immediate effect on the cryptocurrency market, with Bitcoin, Ethereum, and Binance’s token, BNB, all experiencing a significant downturn. BNB suffered an 8% dip within the first hour after the court filing 2. Market players said the SEC’s allegations could hobble Binance, with the lawsuit likely to reverberate through the crypto industry 1. The SEC’s actions may push crypto players to more crypto-friendly jurisdictions and weaken consumer confidence in crypto within the United States. Would really appreciate if you tip please