BTC Bitcoin Bad News | SEC has filed 13 charges against Binance!

Binance and its co-founder Changpeng Zhao (CZ) were sued by the U.S. SEC on 13 different charges. The commission claimed that the defendants mixed together user funds worth billions of dollars and pointed out that the money was sent to a European company controlled by CZ.

The commission stated that Binance established its U.S.-based entity, Binance.US, as a means to protect the exchange and its CEO, with the intention of evading law enforcement. However, the regulatory body referred to Binance as an unregulated international exchange.

In its complaint, the U.S. SEC identified BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities and accused Binance.US of facilitating their trading.

Binance CEO, CZ, characterized the allegations made by the commission as "an attack on the entire industry.

I expect that BTC Bitcoin will complete the Head and Shoulders bearish chart pattern and reach $23000.

Looking forward to read your opinion about it!