Binance.US faces cut from banks amid SEC lawsuit

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In 50 Words: Binance.US faces cut from banks amid SEC lawsuit

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In 50 Words: Binance.US faces cut from banks amid SEC lawsuit

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Binance.US faces a potential pause in US dollar fiat channels from its banking partners due to an SEC lawsuit accusing the crypto exchange of mishandling customer funds and violating securities rules. The platform is suspending USD deposits and transitioning to a crypto-only exchange.

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