Binance.US Resorts to Job Cuts as It Prepares for Long and Costly Litigation With SEC
Channel: Crypto News Today | CNT
Date: 2023-06-18

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The regulator insists on a rulebook for crypto exchanges and their compliance with security laws.
In a letter to employees, Binance said it foresees protracted and expensive litigation with the US Securities and Exchange Commission (SEC) and asked Binance.US management to reduce the size of its workforce across the division.
The job-cut decision is likely to affect about 50 employees.
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