Binance founder and CEO Changpeng « CZ » Zhao said the Securities and Exchange Commission (SEC) has been “asking questions” about the BNB exchange token but the exchange hasn’t yet been subpoenaed.
-
Earlier this month, Bloomberg reported that the SEC is investigating if the BNB token constitutes an unregistered security.
-
CZ told the audience at CoinDesk’s Consensus 2022 that the SEC regularly asks questions about Binance and its products, and the exchange is in regular contact with authorities.
-
On stage, CZ did not say that Binance has been subpoenaed but is merely in contact with SEC.
-
The SEC has declined to comment about the presence of a probe, as is its policy.
-
Separately, Binance is under investigation by the Justice Department, the Commodity Futures Trading Commission (CFTC) and the Internal Revenue Service.
-
CZ also said that while he has a bank account, he doesn’t regularly use it.
