Binance could face fraud charges but US regulators are concerned over this factor

Binance – the world’s largest crypto exchange – has been the talk of the market ever since the US Securities and Exchanges Commission [SEC] launched a lawsuit in June 2023. And, the exchange’s regulatory burden seems to only be growing with the regulators now considering bringing fraud charges against the exchange. However, there seems to be one aspect that is holding back the US regulatory authorities.

, the aspect holding back the regulators is the fear of a bank run similar to the one FTX faced back in November 2022. The regulators fear that the potential panic brought about by the charge could result in consumers losing money. Due to this, the regulators are now looking are considering alternate ways to hold Binance accountable. The regulatory actions could include fines and non-prosecution agreements.

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