Binance, the world's biggest crypto exchange, is making headlines for its issues again. This time, however, the problems for the exchange are increasi
ng quicker than it can solve them. The potential impact of this on the market and Binance's native token could be devastating, per some people.Binance under the fear of a collapse
The reason for this goes back to the regulatory challenges faced by the exchange. Binance was subjected to a lawsuit from both the Commodity Futures Trading Commission and the Securities and Exchange Commission . Accusations ranging from the sale of unregistered securities to operating an illegal exchange were made against Binance.
3/ If Binance faced similar enforcement, I'd expect a similar market effect in aggregate, but worth noting that while the "binance smallcaps" are basically irrelevant to crypto in terms of total market cap and fundamentals, those assets might be mostly eliminated.According to BlockTower Capital founder Ari Paul, this impact could range from a minimal effect to an FTX-like scenario.
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