Cryptocurrency platform Binance is no longer accused of breaking the law

Representatives of the US Securities and Exchange Commission (SEC) have denied information about the accusation of crypto exchange Binance of violating the rules established for securities — the SEC said that there is no investigation in this case.

According to SEC representatives, they are not aware of any investigations into Binance. This indicates that there are no documents obliging the company to submit reports to the regulator and its employees to appear for questioning.

In early June, it was reported that the U.S. Securities and Exchange Commission had launched an investigation to determine whether Binance Holdings violated the rules established for securities when it launched its BNB token as part of an initial coin offering (ICO) five years ago. At the time, a Binance spokesperson said: «We do not comment on ongoing negotiations with regulators, which include, among other things, education, assistance and voluntary responses to information requests. We are cooperating with the authorities and will continue to comply with all requirements imposed by the regulators.»