US regulators charge Binance with violating securities laws
US authorities on Monday charged cryptocurrency giant Binance with securities law violations that together amounted to what they called "an extensive web of deception" and "calculated evasion of the law.". "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," said SEC Chair Gary Gensler.