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The Securities and Exchange Commission is continuing its target against the world of crypto, suing the world’s largest crypto exchange Binance and its billionaire founder, Changpeng Zhao on Monday by alleging the company commingled billions of user funds and diverted those assets to an entity “owned and controlled” by Zhao.
Cryptocurrency industry is looking to gain mainstream legitimacy — marking a new milestone for the ever-growing digital asset community with several companies flooding Super Bowl LVI with commercials to prove their high-profile merits to a mass audience that many still don’t understand the risky ventures.
