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Binance.US has garnered support from a major crypto lobbyist group in warding off an ongoing lawsuit from the U.S. Securities and Exchange Commission .
“The trillion-dollar blockchain economy—is conspicuously avoiding the United States, finding the regulatory environment too opaque and too hostile to conduct business here,” the advocacy group wrote. In the case of Binance, the SEC alleged on June 5 that the exchange offered over a dozen securities for trade, including BNB, BUSD, SOL, ADA, MATIC, and others. Industry leaders like Coinbase, however, have argued that there exist no clear rules on how crypto interacts with securities law, and that the SEC is overstepping its authority in crypto.
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