CCTV reports on SEC's lawsuit against Binance, alleging violation of US securities laws, leading to a drop in BNB.

China Central Television (CCTV) reported on June 6 about the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the cryptocurrency exchange Binance and its co-founder and CEO, Zhao Changpeng. CCTV does not often report on cryptocurrency-related news, the last time being about the regulatory framework in Hong Kong, which Zhao Changpeng was very optimistic about. However, this time it is news of Binance being sued.

CCTV Reports Binance Being Sued by SEC

In the report, CCTV informs viewers that the SEC has accused Binance of violating U.S. securities laws. The report also mentions that following the disclosure of this lawsuit, the prices of Bitcoin and Binance's native token BNB experienced a decline. CCTV Video Report

Additionally, CCTV also referenced a similar lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against Binance and Zhao Changpeng in March, focusing on the sale of crypto derivatives.

CCTV's rare report has attracted significant attention. The outcome of the SEC lawsuit could have far-reaching implications for cryptocurrency regulation.

It is worth noting that CCTV previously reported on the regulatory framework in Hong Kong, which had made Zhao Changpeng optimistic about CCTV's actions. However, the news of Binance being sued has also impacted the overall market.

Previous CCTV report on Hong Kong regulatory framework