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<h3 id="recent-events-have-unfolded-involving-legal-action-by-the-securities-and-exchange-commission-sec-against-two-major-cryptocurrency-exchanges">Recent events have unfolded involving legal action by the Securities and Exchange Commission (SEC) against two major cryptocurrency exchanges</h3><p>On June 5, the SEC filed a lawsuit against Binance, claiming that they mishandled customer funds and misled regulators and traders. The following day, the SEC accused Coinbase of operating without proper registration as a stockbroker, exchange, and clearinghouse.</p><p>New details have surfaced regarding the Binance lawsuit, revealing accusations of deceptive practices by Binance and raising allegations against SEC Chairman Gary Gensler.</p><h2 id="header-0">US Senators accuse Binance of lying</h2><p>According to a recent Bloomberg report on June 8, Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md) sent a letter to U.S. Attorney General Merrick Garland, stating that Binance may have provided misleading information about its business practices. They specifically question the independence of Binance’s subsidiary, Binance.US, which Binance claims to be a separate entity. <a href="https://cryptosheadlines.com/senators-accuse-binance-of-deception-as-genslers-past-involvement-with-the-exchange-sparks-concerns/" rel="noopener noreferrer nofollow">Read More...</a></p><p><strong>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a></strong></p><p><strong>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a></strong></p>

Senators Accuse Binance of Deception as Gensler’s Past Involvement with the Exchange Sparks Concerns

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