The SEC is accusing Binance and CEO Changpeng Zhao of violating securities laws. The SEC complaint is a doozy. Binance's CCO is quoted as saying: 'We are operating as a fking unlicensed securities exchange in the USA bro.' The US Securities and Exchange Commission (SEC) on Monday filed a complaint against the world's largest cryptocurrency exchange. The summary opens:This case arises from Defendants' blatant disregard of the federal securities laws and the investor and market protections these laws provide.

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Persons: Binance, Changpeng Zhao, CCO, Matt Levine, I'm, Zhao, Binance's CCO, Joe Weisenthal Organizations: SEC, US Securities and Exchange Commission, Twitter, Bloomberg Locations: USA