![]() However, the cofounder and COO of The Sandbox, whose cryptocurrency SAND was also named in both lawsuits, also strenuously rebutted the SEC’s allegations. ( 09-04) Binance Completes Integration of Maverick Protocol (MAV) on BNB Smart Chain, Opens Deposits and Withdrawals. Other than Solana, the foundations that represent the 13 tokens have generally remained quiet. New Dual Investment Products Launched () ( 09-05) Binance Will Support the Shentu (CTK) and Conflux Network (CFX) Network Upgrades & Hard Forks. And SOL is also down approximately 12%, plummeting from almost $22 to $19. Cardano’s ADA is down approximately 5% since the Binance litigation first became public, according to CoinMarketCap. We added the most popular Currencies and CryptoCurrencies for our Calculator. Before you can use the Binance platform, you'll need to open an account and verify your identification. Shortly after the federal government dropped both lawsuits, the prices of the tokens it said were securities fell precipitously. We used 0.055605 International Currency Exchange Rate. Binance is a centralized exchange where you can buy several cryptocurrencies including Solana. The following day, the SEC then sued Coinbase, the U.S.’s largest exchange, and similarly alleged that it sold unregistered securities, operating as an unregistered broker, securities exchange, and clearing agency. In a 136-page suit, it alleged that Zhao and his company commingled customer funds, offered customers unregistered securities, and blatantly avoided complying with U.S. On Monday, the SEC targeted Binance, the largest exchange by trading volume, and its CEO, Changpeng Zhao. The comments from the Solana Foundation come three days after the SEC named SOL and 12 other tokens-including Cardano’s ADA, Polygon’s MATIC, and Binance’s BNB-as unregistered securities in its two blockbuster lawsuits against Binance and Coinbase, two of the top crypto exchanges in the world.
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