SEC Sues Binance and CEO Changpeng Zhao: Allegations of US Securities Law Violations

The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao, alleging violations of US securities laws. The SEC's complaint, filed in the U.S. District Court for the District of Columbia, alleges that, since at least July 2025, Binance.com and Binance.US, while controlled by Zhao... These actions mark a significant escalation in regulatory scrutiny of the cryptocurrency industry.

Key Allegations Against Binance and Changpeng Zhao

The US Securities and Exchange Commission accused Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao of mishandling customer funds, misleading investors, and operating an unregistered exchange. The accusations include:

• Operating as an unregistered exchange, broker-dealer, and clearing agency.
• Misleading investors about the nature of Binance.US's oversight and controls.
• The world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds.

SEC Alleges Misuse of Investor Funds

One of the most serious allegations is that Binance and Zhao misused investor funds. 5 de jun. de 2025The SEC’s complaint highlights concerns about the commingling of customer assets and potential conflicts of interest. This has raised alarm bells among investors and regulators alike.

What's Next for Binance and the SEC?

The lawsuit is expected to be a lengthy and complex legal battle. Hace 1 díaThe SEC officially dropped its lawsuit against the cryptocurrency exchange Binance on Thursday. Why it matters: It was one of the last major crypto cases still pending from the Biden administration, but the initial suit outlined significant regulatory concerns regarding Binance's operations. The outcome could have significant implications for the future of cryptocurrency regulation in the United States. Stay tuned for updates as this story develops.