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Binance and CZ sued by the SEC

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On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses the details of the SEC’s lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao.

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange.

Most likely, the U.S. population will be barred from using the international version of Binance, and those who opt for VPN services will be at risk of being prosecuted. Pechman believes Changpeng “CZ” Zhao and Binance will lose or strike a deal pleading guilty, pay a fine, and be forced to halt services for North American entities — including Paxos and the Binance USD (BUSD) stablecoin.

Considering Binance is the absolute leader in spot and derivatives trading, one might call the 5% price correction on April 5 a “vote of confidence,” meaning traders believe Binance international will remain fully operational. Worst-case scenario? A hefty fine, but operations will not be impacted, and every client will be made whole, similar to the BitMEX outcome.

As for the 10 tokens that the SEC claims to be securities, North Americans will not be blocked from buying or holding those altcoins, but it adds an extra step if they’re willing to trade them — for example, using a decentralized exchange.

Pechman believes the Coinbase lawsuit differs from Binance’s, as the U.S.-listed company has a huge base of North American clients and can’t move its operations abroad without a significant reduction in its user base and volumes. Moreover, Binance has other issues involved, such as the money transfers between related entities and the potential illicit use of client funds.

So, the first read for Coinbase shows a much lighter case, very unlikely to become something more eventful, while Binance and CZ’s odds of facing the Department of Justice and criminal charges are way higher.

Pechman highlights that if the U.S. Federal Reserve continues printing trillions of dollars to sustain the economy, investors will scramble to find scarce assets, so a crypto bull run will happen whether or not Coinbase and Binance are taking part in the process.

Lastly, the show discusses whether the Bitcoin price will retest the $24,000 level, considering the long/short ratio hit levels unseen in over 12 months. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

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  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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