Federal regulators accused Binance, the world's largest crypto exchange, and its chief executive of violating securities laws and making false statements to investors, the latest volley in Washington's crackdown on the cryptocurrency industry and its biggest players.
The Securities and Exchange Commission outlined 13 civil charges in the lawsuit filed Monday. Regulators accuse Binance of unlawfully engaging in unregistered offers and sales of crypto assets and failing to follow basic rules designed to prevent fraudulent and manipulative acts such as self-dealing.