Binance, the world’s largest cryptocurrency exchange, is facing legal trouble in the United States. It has been sued by the U.S. Securities and Exchange Commission (SEC) for operating a “web of deception,” including artificially inflating its trading volumes and embezzling customer assets. In addition, the company has also faced action from the Commodity and Futures Trade Commission (CFTC) for offering services prohibited to U.S. residents and operating illegally. These legal issues have impacted the cryptocurrency market, with Bitcoin falling 5% and digital assets losing around $42 billion in market value following the news. Binance’s future remains uncertain as it faces significant fines to settle criminal charges $BNB #bnb