BinanceUS HITS PAUSE on USD! Ripple Case Turns CRITICAL!

On June 9, a major development unfolded in the world of cryptocurrency as Binance.US made a crucial announcement regarding its ongoing conflict with the United States Securities and Exchange Commission (SEC). In response to what it called "extremely aggressive and intimidating tactics" from the SEC, Binance.US took decisive action to safeguard its customers and platform. To this end, the company has temporarily suspended USD deposits and issued a notice to customers, informing them that fiat (USD) withdrawal channels may be paused as early as June 13, 2023.

Meanwhile, the ripple case has gained immense importance as a significant deadline approaches. On June 13, 2023, the Bill Hinman speech documents are expected to be made public. This development has led the U.S. SEC to exercise caution. Legal experts in the crypto field have emphasized that the judges presiding over the lawsuits involving Coinbase and Binance will closely monitor the outcome of the SEC v Ripple case.

Ripple has been embroiled in a legal battle with the SEC since December 2020, with the regulator alleging that Ripple engaged in the offering of unregistered securities. This case has far-reaching implications for the cryptocurrency industry, making it a crucial story to follow closely. Stay tuned for more updates on these critical developments in the crypto world.

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https://cointelegraph.com/news/binance-us-suspends-usd-deposits-warns-withdrawal-pause-incoming

https://coingape.com/ripple-vs-sec-hinman-documents-xrp-lawsuit-june-13/

https://cointelegraph.com/news/ripple-sec-case-outcome

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