Having trouble with someone clinging to FIAT? Remember this quote.

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"A long habit of not thinking a thing wrong gives it a superficial appearance of being right, and at first raises a formidable outcry in defense of custom. But the tumult soon subsides. Time makes more converts than reason." - Thomas Paine, Common Sense

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The SEC has accused Binance of running an illegal exchange. "We allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law".

Federal regulators have sued Binance, the world’s largest crypto exchange, accusing the company of running an illegal exchange in the United States and commingling billions of dollars’ worth of customer funds.

Binance Responds to SEC - Full Text

We are disappointed that the U.S. Securities and Exchange Commission chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief. From the start, we have actively cooperated with the SEC’s investigations and have worked hard to answer their questions and address their concerns.

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