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CCTV broadcast SEC lawsuit against Binance

by Vaibhav
June 6, 2023
in News
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  • China Central Television recently aired a segment on cryptocurrencies
  • CZ has already reacted to this broadcast

On the morning of June 5, China Central Television (CCTV) broadcast lawsuit filed by the US Securities and Exchange Commission against the cryptocurrency exchange Binance.

In their review, the CCTC briefly mentioned that the Securities and Exchange Commission (SEC) filed a lawsuit accusing the defendants of violating US securities laws. It was also noted that BTC and BNB prices have declined since the news broke.

See also  Binance.US to Remove 10 Trading Pairs and Suspend OTC Trading

Interestingly, the channel speech also mentioned the US Commodity Futures Trading Commission lawsuit against Binance and Zhao in March. This lawsuit was similar to the SEC lawsuit, but focused on the sale of cryptocurrency futures.

CCTV channel rarely pays attention to news related to cryptocurrencies, which makes this program especially important and attracting wide attention of viewers. The verdict in this lawsuit could have significant implications for the crypto regulatory environment.

CZ reacted to the broadcast of this event on television. He said: “Boss, we’re back on TV, this time it’s the world’s largest CCTV-certified trading platform”

This is not the first time CCTV has aired something about crypto assets. At the end of May, China Central Television aired a segment about cryptocurrencies, which showed a fragment in which a bitcoin ATM appeared in Hong Kong. In addition to a large blue logo, it had the words “Buy Bitcoins” written on it. This video also demonstrated NFT.

See also  UK Judiciary Commission Recommends 'Separate' Legal Category for Cryptocurrencies
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