
Woo: “Binance customers don’t care” about SEC enforcement action
Altcoin holders on Binance.US, however, seem more nervous.
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The regulator also wants Binance.US and related companies to return customer funds.

Representatives of both companies said that the draft discussion bill could provide regulatory clarity. CFTC Chairman Rostin Benham expressed more limited support.

"There is no path to 'come in and register,'" the embattled CEO tweeted; "We tried."

The SEC's enforcement action against the exchange appears to have been taken as a signal by at least two state-level counterparts.

Law firm Gresham International said US unfavorable regulatory environment has shown that "crypto is not welcome."

Gary Gensler maintains that the SEC is working to protect investors from "hype... hucksters and fraudsters."'