The SEC’s case against Binance, a live reading by Liz Lopatto
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A significant portion of the allegation so far is about project “Tai Chi.”
The SEC alleges this was a deliberate strategy to evade regulatory enforcement, and has been reported on. Anyway, a consultant who operated a US crypto trading firm (👀) made some suggestions:
the Binance Consultant recommended steps to “insulate Binance from US Enforcement.” Those steps included having “[k]ey Binance personnel continue to operate from non-US locations to avoid enforcement risk” and ensuring that “[c]ryptocurrency wallets and key servers continue to be hosted at non-US locations to avoid asset forfeiture.”
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