Please excuse the tardy newsletter. As you may have heard, the SEC filed a bombshell lawsuit against Binance and its CEO, Changpeng Zhao, this morning. In a matter of hours, what started as a meh Monday for Bitcoin and Ethereum got much, much worse. And that’s not all: In the lawsuit, the commission alleges that Solana, Cardano, Polygon, and a handful of other tokens are securities. In case you’ve lost count, that’s four (4) total federal investigations into Binance.
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