Rapid Insights: Tokens Deemed As Securities by SEC Underperform Crypto Markets

In the first week of June, The Securities and Exchange Commission (SEC) bombarded multiple charges against two of the world's largest crypto exchanges - Coinbase and Binance.

The SEC alleged in a lawsuit that Binance and affiliated companies lied to customers and misdirected assets to investment funds owned by Binance founder and CEO Changpeng 'CZ' Zhao. If the regulatory agency’s suit is successful, Zhao and Binance could be barred from doing business in the U.S.