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Home » Crypto Calamity? Industry Reacts as Binance CEO Pleads Guilty to … – The Fintech Times

Crypto Calamity? Industry Reacts as Binance CEO Pleads Guilty to … – The Fintech Times

Crypto Calamity? Industry Reacts as Binance CEO Pleads Guilty to … – The Fintech Times

The past week appears to have dealt numerous heavy blows to the crypto industry as the Securities and Exchange Commission (SEC) charged popular crypto trading platform Kraken as an unregistered securities exchange, broker, dealer, and clearing agency; while Changpeng Zhao, CEO of Binance, pleaded guilty to money laundering charges and resigned from his the position at the exchange.On Monday, the SEC alleged that, since September 2018, Kraken has illegally profited hundreds of millions of dollars by enabling the buying and selling of crypto asset securities.On Tuesday, Zhao announced his resignation from Binance in a post on X, after pleading guilty to… 

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