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More Crises Are Anticipated for Binance Coin (BNB) As the Securities and Exchange Commission’s Probe Intensifies.
These are not the best of times for subscribers of Binance coin. The service desk of the crypto asset has hinted at the possibility of more setbacks that may arise from an ongoing cleanup exercise.
This came to light when the main anchor person who goes by the fictitious title of Guy, communicated with his more than 2 million social media followers via YouTube. According to him, there has been an increased search into determining if the rules of engagement set by the SEC, were undermined at any point. To him, the harshest that could happen would be the Binance coin’s eventual removal from the binance.US by the end of 2022. The fact that the Binance coin still ranks high in the international market means that this decision by the commission may have little or no serious impact on its level of patronage after all. In addition, the Binance coin may remit a paltry sum to the regulatory body, SEC.
Binance’s Status Being Conversely Viewed Two conflicting perspectives have come into place – one from the host and the other from Guy. While the host considers that in the United States, BNB cannot be transacted because it has a security status, Guy on his part, believes that by not concentrating the coin in one single place, Binance will make effort to convince the exchange commission that it has stopped being security. According to Guy, Binance may even go on to create an impression to SEC that although, it was initially one of those termed as security, all that changed as things improved. This trick, Guy believes will not succeed because he already, SEC has a growing resentment and would go ahead with its proposed investigation.
