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pwb25

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Have you looked into this case at all? The evidence compiled against Binance is extensive and compelling.

Are you sure? Well, you must be new, it's just SEC's business.

Here is what the most enshrined companies are doing

Your average tradfi trader - https://www.fnlondon.com/articles/wall-street-pays-1-8bn-in-...

And here the most respected (and/or feared) financial institution - https://www.reddit.com/r/amcstock/comments/p8m2p6/citadels_p...

If I were you, I'd be much more concerned about a very influential company like Citadel which just keeps breaking law years after years despite numerous lawsuits, than about a crypto company that probably is not affecting you the slightest.

Any railing about Citadel is a good signal for ignorance about the traditional finance markets and susceptibility to crypto and meme stock rubbish.

No railing, no susceptibility, just facts: we live in a crooked and cynical world. Some people forgets about this and it's good to remind them.

I know way more about all of this than you.

I'm glad you know me!

The weird thing is they try to enforce US rules on an international company also. If they are in say Singapore and some guy from Iran use is, US has 0 business to to with it

Frankly evidence of laundering is everywhere, but it depends on whether you are looking for it. Like , the average UK 'invesment' mansion or the 'azeri' natural gas that europe purchases

It depends on how you see things. Some would argue, the SEC is good at doing business. Others would say that Binance will pay cause it's just the cost of doing business. Every trading / security / exchange company is in the same boat, they just have to keep paying to do their business.

But SEC shouldn't be "doing business". They should tell what the law is and what the regulation is and so on

I argued the same on HN yesterday actually, it's quite shocking to me how many here is for anything with "hacking" or free markets when it comes to stuff like Airbnb or self driving, but they are SEC bootlickers for some reason

The SEC and DOJ don't exist to stop crimes in real-time - that would be basically impossible. They exist to uncover and punish crimes that have already occurred in order to dissuade others from doing the same.

They appear to be doing a fine job of both. Or were you looking to prosecute thought crime?

My point is they go after the most regulated and serious ones, and let the others run

>My point is they go after the most regulated and serious ones, and let the others run

But they really aren't and you already know that. If you have proof otherwise, report it, or post it here and I'll report it. You get paid on any penalties that are doled out.

FTX? BlockFi?

You mean the SEC _doesn't_ have a secret basement of blockchain precogs?

Binance may be a "working exchange" but that doesn't mean it was operating within the law.

they asked several times what the law was and SEC failed to answer

So what?

yes, so why attack them if you can't tell them what the laws are? Again, I don't get why so many people on HN are simping for SEC?

It's not the government's obligation to give legal council to a corporation.

> I don't get why so many people on HN are simping for...

Why are you simping for crypto merchants?

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