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SEC sues Binance and CEO Changpeng Zhao over U.S. rule violations
The SEC alleged Kraken operated as an unregistered broker, dealer, exchange, and clearing agency, in violation of the Securities Exchange Act. In April, the SEC charged crypto exchange Bittrex Inc with operating an unregistered securities exchange, broker and clearing agency, and. The US Securities and Exchange Commission (SEC) has filed separate lawsuits against Binance and Coinbase alleging securities law violations.