SEC Voluntarily Dismisses Lawsuit Against Binance (yahoo.com)
- Reference: 0177858647
- News link: https://yro.slashdot.org/story/25/05/29/2155215/sec-voluntarily-dismisses-lawsuit-against-binance
- Source link: https://finance.yahoo.com/news/us-sec-voluntarily-dismisses-lawsuit-211512174.html
> The SEC had [2]accused the defendants in 2023 of artificially inflating trading volumes, diverting customer funds, failing to restrict U.S. customers from Binance's platform, and misleading investors about its market surveillance controls. It also accused Binance of unlawfully facilitating trading of several tokens that prior SEC leadership deemed unregistered securities.
Developing...
[1] https://finance.yahoo.com/news/us-sec-voluntarily-dismisses-lawsuit-211512174.html
[2] https://yro.slashdot.org/story/23/06/05/1515244/sec-accuses-binance-of-mishandling-funds-and-lying-to-regulators
It's open season on corruption (Score:5, Insightful)
If you have a 401k you can kiss it goodbye. Your investments are going to take a hit in general.
The entire Financial system is about to become hopelessly corrupt and unless you are also a crook you are not going to benefit from that.
Even if you are a crook you are probably not going to benefit because you're going to be competing with much much bigger crooks than we have ever seen in our entire lives.
No joke I have seen crypto scammers complaining the Trump is muscling them out of their own scam.
That's kind of the problem with putting oligarchs in charge. I know a bunch of people here voted for trump. You had your reasons, you fucked around and you're going to find out.
It looks like the worst of it though isn't going to hit until after the midterms. I recommend you blow through all your savings in anticipation for the super great Trump economy so I can buy your house for cheap from the savings I'm stockpiling in the lead up for the collapse.
Re: (Score:2)
You are converting your money into something solvent right? Gold? Euro? Etc? I’m not sure paper money is gonna be worth much here. Don’t look at me, I voted for myself (write-in)
Re: (Score:2)
No I'm just expecting doom. I don't have enough $$$ to make it worth trying to convert it to anything.
Anyway have the day you voted for.
Well gee (Score:5, Insightful)
Who didn't see that coming? Between pardoning [1]multiple [thehill.com] [2]fraudsters [npr.org] and [3]drug traffickers [cnn.com], why wouldn't the most corrupt administration in U.S. history see fit to legalize money laundering?
[1] https://thehill.com/homenews/administration/5213294-trump-pardons-devon-archer/
[2] https://www.npr.org/2025/05/28/nx-s1-5414091/todd-julie-chrisley-pardon-trump
[3] https://www.cnn.com/2025/01/21/politics/silk-road-ross-ulbricht-pardon-trump/
Next up (Score:5, Insightful)
Binance starts carrying Trump's shitcoins.
Re:Next up (Score:5, Informative)
They already do.
Re: (Score:2)
Binance are a Chinese hoax. Told you so. Hoax. Chinese, definitely.