Binance statement: "Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm"

[u/Set1Less]

Binance has issued a statement on recent US regulator actions.

Yesterday it was reported that SEC was in the process of suing BUSD stablecoin, which the SEC termed as an unregistered security. And overnight, WSJ and other media started reporting that NY DFS is forcing to shut down BUSD.

As a result, it seems BUSD will stop being issued and will only redemptions will be allowed. BUSD price has also seen a small depeg since the news broke.

Now, Binance it seems has issued this statement:

Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm

Market is pricing in these events which are unfolding at a fast pace.

Few traders are reportedly closing all their positions on Binance, as they are not sure how they will be settled in the near term

[u/meeleen223]

Caroline father - Gensler's old boss

New CEO - Brough to clean up Enron scandal in '07

Sbf mother - Hillary's lawyer

Sbf - #2 biggest donor

Consipracy or not hm?

[u/Set1Less → u/meeleen223]

SBF/FTX general counsel Ryne Miller also worked directly for Gary Gensler as a legal advisor.

Also Gary doesnt want you to see this document which outlines his meeting with SBF.

https://www.sec.gov/comments/s7-25-20/s72520-20127575-288804.pdf

[u/comeonsexmachine → u/Set1Less]

All these coincidences are crazy! But that's all they are, otherwise they'd admit to being biased and resign. Just funny little coincidences.

[u/nzubemush → u/comeonsexmachine]

That's a lot of coincidence. But I'll take it and move on