Amid the ongoing SEC Binance issue, Binance CEO CZ's email to the exchange's employees was leaked on 8 June. The warning came after the SEC quoted some of the chat logs between top executives of Binance.
some of the listed tokens and its OTC trading platform. Meanwhile, Coinbase has continued to stand its ground and is prepared to go against the commission.Binance CEO – Changpeng Zhao aka CZ’s email to his employees was leaked on 8 June. In it, he addressed the SEC lawsuit against him, the company, and its American arm – Binance.US. The CEO warned that the first thing the regulators would after is the chat logs of the company’s employees.
The warning came after the SEC quoted some of the chat logs between top executives of Binance. In the chats, the executivesabout dumping BNB and the risks of holding it, and other regulatory-related matters. Zhao claimed these chats were “extremely damaging to our reputation .” The CEO also highlighted that the company itself does not check the chat logs, further claiming it was the first for him as well.
Gensler also opined on crypto leaders claiming a lack of clarity on the legality of business operations. He said, “They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.” The SEC chair further stated that “not liking the answer is not equivalent to a lack of clarity.”
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