The SEC wants to CLOSE DOWN Binance
![The SEC wants to CLOSE DOWN Binance](/content/images/size/w960/2023/06/WHEN-TO-SHORT--PEPE.jpg)
Agenda:
- What happened to Binance
- How is the market reacting
- What does this mean for crypto?
![](https://www.cryptoslav.io/content/images/2023/06/image-35.png)
SEC sued Binance
BNB is a security:
![](https://www.cryptoslav.io/content/images/2023/06/image-28.png)
![](https://www.cryptoslav.io/content/images/2023/06/image-30.png)
Dodging regulation:
![](https://www.cryptoslav.io/content/images/2023/06/image-31.png)
Commingling customer funds and hiding behind shell companies:
![](https://www.cryptoslav.io/content/images/2023/06/image-32.png)
Offering securities:
![](https://www.cryptoslav.io/content/images/2023/06/image-33.png)
Wash trading:
![](https://www.cryptoslav.io/content/images/2023/06/image-34.png)
BUT! ETH is not a security.
How the market reacted
A dipperino but not a big one:
Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap
The live Bitcoin price today is $25,610.74 USD with a 24-hour trading volume of $20,448,387,552.29 USD. We update our BTC to USD price in real-time.
![](https://s2.coinmarketcap.com/static/img/coins/200x200/1.png)
https://twitter.com/ki_young_ju/status/1665778756357693441?s=20
What does this mean for crypto long-term
If DOJ gets involved, all bets are off:
![](https://www.cryptoslav.io/content/images/2023/06/image-37.png)
Other exchanges (CEX/DEX) will fill the gap:
![](https://www.cryptoslav.io/content/images/2023/06/image-36.png)
Could be bullish in fact:
![](https://www.cryptoslav.io/content/images/2023/06/image-29.png)