Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, has announced a new partnership with crypto payments startup MoonPay. This partnership will enable customers to buy and sell supported crypto assets on the platform using USDT, the largest stablecoin by market capitalization issued by Tether. Customers will be able to make USDT purchases with debit Apple Pay, credit card, debit card, and Google Pay.The move comes after Binance.US suspended USD deposits for users in the United States following the departure of its banking partners. The company attributed the development to the Securities and Exchange Commission (SEC)’s “aggressive and intimidating tactics” against the American crypto industry.Binance.US and its international affiliate Binance.com were hit with a lawsuit by the SEC on June 5, 2023, with the regulator alleging that the entities violated securities laws. The company refuted the allegations of mishandling customer funds, arguing that the regulatory watchdog’s accusations and its statement in court were conflicting. Binance and CEO Changpeng Zhao are also facing a lawsuit from the Commodity Futures Trading Commission (CFTC). The company has filed for dismissal of the CFTC case, stating that both Binance and Zhao are outside the jurisdiction of the CFTC and any other US regulator.
| Information |
Details |
| Geography |
North America |
| Countries |
🇺🇸 |
| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
Changpeng Zhao, MoonPay, SEC, CFTC |
| Companies |
Binance.US, MoonPay, Securities and Exchange Commission (SEC), Tether, Commodity Futures Trading Commission (CFTC) |
| Currencies |
USDT, USD, Bitcoin, Ethereum, Apple Pay |
| Securities |
None |
