The U.S. regulator pressed 13 charges against Binance, including unregistered offers and sales of the BNB (BNB) and BUSD tokens, the Simple Earn and BNB Vault products and its staking program. In addition, the SEC alleges in the suit that Binance failed to register its Binance.com platform as an exchange or a broker-dealer clearing agency. Further, it claimed Binance and BAM Trading failed to register Binance.US as an exchange, broker and clearing agency. CZ was sued as a "controlling person."
https://cointelegraph.com/news/sec-...-court-for-unregistered-securities-operations
https://cointelegraph.com/news/sec-...-court-for-unregistered-securities-operations
