Ex-SEC official John Reed Stark raises alarm over binance's future
action against Binance is perhaps the most significant red flag, according to Stark. The action alleges that Binance encouraged customers and employees to evade US regulations since at least 2018.
Stark also accuses crypto firms like Binance of"regulatory misappropriation" by hijacking legitimate regulatory labels to create a counterfeit veneer of assurances, integrity, expertise, and regulatory supervision. Given the numerous red flags and potential for more civil and criminal prosecutions related to Binance, Stark advises those with Binance accounts to exit the platform immediately.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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