The SEC has reportedly opened an investigation into Binance to find out whether its BNB token was an unregistered security during its 2017 initial coin offering, reportedBloomberg. BNB coins are primarily used to pay transaction fees on Binance, currently the word’s largest crypto exchange. The company is also facing another, separate SEC probe — launched in February — into alleged ties between its founder and two trading firms. The DOJ, IRS and CFTC also opened investigations last year into the company for a number of potential criminal violations, including insider trading and market manipulation.“As the industry has grown at a rapid pace, we have been working very diligently to educate and assist law enforcement and regulators in the US and internationally, while also adhering to new guidelines. We will continue to meet all requirements set by regulators,” wrote a Binance spokesperson in an email to Engadget in response to a request for comment. Engadget has also reached out t
