#SEC sets off a crypto law enforcement campaign, with Binance and Coinbase sued successively#
On June 5, SEC sued Binance and CZ for violating US securities rules. Affected by the news, BNB fell to $272 for a short period of time, an intraday drop of more than 10%. One day later, SEC sues Coinbase in New York federal court, and Coinbase stock fell 16% before the market.
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