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In an interview with Decrypt, O’Leary said the SEC’s back-to-back lawsuits against cryptocurrency exchanges Binance and Coinbaseunveiled this weekwill be remembered as an inflection In an interview with Decrypt, O'Leary said the SEC’s back-to-back lawsuits against cryptocurrency exchanges Binance and Coinbaseunveiled this weekwill be The regulatory body accused Binance of mingling customer funds and deliberately breaching U.S. securities laws, among other charges, framing it as a vast “web of Investor and Shark Tank star Kevin O'Leary told Decrypt that crypto cowboys will soon be a thing of the past as the SEC has thrown a legal lasso at the two largest Bitcoin exchanges Binance, the world's largest crypto exchange, was hit with a total of 13 civil charges from the SEC. This included accusations of deception Kevin O'Leary predicts Binance's decline amid SEC allegations and the exchange's decision to halt Russian currency deposits. SEC accuses Binance and CEO Zhao The Securities and Exchange Commission [SEC] is ramping up its scrutiny of the cryptocurrency market, as evidenced by

Kevin O\'Leary Anticipates Oxygen Starvation for Binance Amid SEC Lawsuit

Investor and Shark Tank star Kevin O\'Leary predicts a grim future for Binance as the SEC intensifies its regulatory crackdown on the cryptocurrency market. O\'Leary, speaking to Decrypt, believes the SEC’s back-to-back lawsuits against cryptocurrency exchanges Binance and Coinbase – unveiled this week – will be remembered as a pivotal moment. According to O\'Leary, the era of "crypto cowboys" is coming to an end as the SEC throws a legal lasso at the two largest Bitcoin exchanges.

SEC Accusations Fuel Binance\'s Potential Decline

Binance, the world\'s largest crypto exchange, faces a barrage of legal challenges, having been hit with a total of 13 civil charges from the SEC. The SEC accuses Binance and CEO Zhao of deception and deliberately breaching U.S. securities laws, among other charges. The Securities and Exchange Commission [SEC] is ramping up its scrutiny of the cryptocurrency market, as evidenced by these actions. The regulatory body accused Binance of mingling customer funds, framing the exchange\'s operations as a vast “web of…” complex financial dealings.

O\'Leary Foresees Binance Facing "Oxygen Starvation"

Kevin O\'Leary predicts Binance\'s decline amid these serious SEC allegations. In an interview with Decrypt, O\'Leary elaborated on his prediction of "oxygen starvation" for Binance, potentially stemming from the SEC\'s actions and compounded by Binance\'s recent decision to halt Russian currency deposits. This combination of regulatory pressure and operational adjustments paints a challenging picture for the exchange\'s future.

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