SEC Lawsuits Threaten Binance's Global Expansion and Market Share.

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, its US platform, and CEO Changpeng Zhao for allegedly violating securities laws and offering unregistered securities. The SEC has accused the crypto exchange of offering unregistered securities in the form of its now-paused Binance USD (BUSD) stablecoin and its native token BNB (BNB). The lawsuit also alleged that the funds from the Binance global platform and Binance.US were co-mingled on multiple occasions. Binance has refuted the accusations made by the SEC in the lawsuit in a blog post and claimed that the onus falls on the SEC for not offering any clear regulatory guidelines for crypto platforms in the United States. Binance's legal trouble in the US may have put a dent in its global ambitions.