US Regulators Have Enforced an Investigation on Binance
The Securities and Exchange Commission (SEC) has undertaken an investigation into whether the Binance initial coin offering of BNB, which took place in 2017, was unregistered security offering that should have been registered with the regulatory agency.
Binance's spokesperson told CoinDesk via email,"As the industry has grown at a rapid pace, we have been working very diligently to educate and assist law enforcement and regulators in the U.S. and internationally, while also adhering to new guidelines. We will continue to meet all requirements set by regulators."
The SEC is also investigating companies that are owned by Binance and conducts business with Binance. The report said US theUS-based affiliate of the global exchange, was under investigation.