Binance US deletes 101 tokens, Coinbase continues

Binance US removes 101 tokens from its trading platform . The reason: the lawsuit against the SEC. The US Securities and Exchange Commission sees so-called securities in many proof-of-stake tokens. Trading in them is a violation of U.S. federal law.

On June 6, 2023, the SEC sued Binance, among others, for this. Other charges include fraud and embezzlement. The SEC also filed a lawsuit against the largest crypto exchange in the U.S., Coinbase. This does not change your own usage. All coins remain listed and the strike program, also part of the lawsuit, remains in effect. The company announced this today, June 8, 2023.

Both crypto exchanges are preparing for a tough legal battle with the U.S. Securities and Exchange Commission. The outcome could determine the development of the crypto market in the United States.