In response to the "SEC's allegations", Binance published an article on its official blog titled "SEC's allegations aim to unilaterally define the structure of the cryptocurrency market". Binance has been actively responding and cooperating with the SEC investigation, but the SEC gave up and refused to communicate, and still made unilateral accusations and tough supervision. The SEC's unilateral labeling of certain tokens and services as securities will only complicate these issues. Binance will do its best to defend the platform.
At the same time, Binance emphasized that users’ funds are safe on its platform. “Any allegation that user assets on the Binance.US platform have ever been at risk is completely false. All user assets on Binance and affiliated platforms (including Binance.US) are safe and secure, and we will actively defend against any false accusations. On the contrary, the SEC’s action seems to be an attempt to seize jurisdiction from other regulators, and the interests of investors do not seem to be the focus of the SEC’s concern.”
Binance said, “We will continue to work with regulators and policymakers in the United States and around the world because it is the right thing to do. Binance will continue to actively participate to ensure that the next generation of cryptocurrency regulation can both promote innovation and protect consumers. Since Binance.com is not a US exchange, the SEC’s scope of action is limited. Nevertheless, Binance still stands with US digital asset market participants and opposes the SEC’s recent overreach. We are ready to fight it to the fullest extent of the law and will work with industry partners to protect this important technology from being affected by misjudged lawsuits.”