According to a statement by an SEC official, Binance.US is currently running an unregistered securities exchange.
Mar 3, 2023
According to a U.S. Securities and Exchange Commission (SEC) official, Binance.US is operating an unregistered securities exchange in the U.S. and the sale of VGX tokens by Voyager Digital violated federal securities laws. The SEC official made these remarks during a bankruptcy hearing to determine whether Voyager should be sold to Binance.US. The official noted that the views of SEC staff do not necessarily reflect those of the agency’s five commissioners, and did not indicate whether the SEC had any enforcement actions in the works. Voyager plans to sell its assets to Binance.US as part of its Chapter 11 bankruptcy restructuring plan.