Bad day for Binance with SEC investigation and Reuters exposé By Cointelegraph

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Bad day for Binance with SEC investigation and Reuters exposé

The United States Securities and Exchange Commission (SEC) is investigating whether Binance Holdings broke securities rules when it launched its BNB token in an initial coin offering (ICO) five years ago, Bloomberg reported on June 6.

Binance is the world’s largest crypto exchange, and BNB is the fifth largest cryptocurrency.