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DOMAINS TOKEN-G

Ronald Maguire

08 June 2022 182 Read Crypto , Altcoins

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SEC Launches Legal Review for BNB and Binance

The U.S. Securities Exchange Commission (SEC) has started investigating Binance, one of the major cryptocurrency exchanges, and its native token, BNB. The SEC is investigating whether Binance violated securities laws. This investigation will attempt to determine whether BNB's ICO involved the sale of an unregistered security. As a result of the ICO, Binance raised $15 million by selling 100 million BNB tokens at $0.15.

Launched 5 years ago, BNB has been instrumental in Binance's growth. Currently trading at $292.28, BNB is the fifth most valuable cryptocurrency with a market cap of $47.666 billion.

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