The Latest Breaking News from Binance

The move comes amid regulatory crackdowns from the SEC.

Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns

SOL, ADA, and MATIC comprised a list of 13 cryptocurrencies the SEC said were securities.

The pair of lawsuits could play a part in leading to more clarity for the industry, he said.

Regulators have been confused about whether cryptocurrency is a security or a commodity, but clarity appears imminent

The stock market rally showed strong gains in small caps, while the Nasdaq held up. Apple unveiled its Vision Pro goggles, while the SEC targeting crypto giants.

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NEW YORK: The American branch of Binance, the giant cryptocurrency exchange, said late Thursday that it would no longer allow customers to trade on its platform using United States dollars, after its banking partners cut the firm off in response to a crackdown by federal regulators.

Company tells customers to withdraw their US dollars days after US regulators sued the company and its founder