Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown

Binance.US has announced that it will be halting dollar deposits as its banking partners prepare to put a freeze on all dollar withdrawal channels due to the US SEC’s lawsuit against the parent company Binance. Meanwhile, Robinhood has delisted three crypto tokens identified by the SEC as securities in its lawsuits against Binance and Coinbase. These actions raise questions about whether Binance.US can survive the lawsuit. Binance has denied the charges, but it could not deny the SEC’s assertion of jurisdiction over most tokens, potentially putting many other crypto exchanges in the firing line.