CZ denies holding firms received $12B of Binance.US user funds
The SEC claimed in a court filing that Changpeng Zhao's Merit Peak received billions in customer funds from Binance's American exchange.
Although recent regulatory enforcement actions have bypassed Bitcoin, Balaji Srinivasan believes this will change soon enough.
U.S. regulatory pressure has led to an increased demand from Coinbase users who want to withdraw their staked Ethereum.
Ark Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.
SEC chair Gary Gensler offered to serve as an advisor to Binance and kept in contact with CEO Changpeng Zhao, lawyers for the company say.
The SEC alleged that at least 13 cryptocurrencies listed by Coinbase are securities. CLO Paul Grewal (below) said the exchange doesn't plan to delist any.
Recent SEC cases against Coinbase and Binance will not affect operations, IOG said.