According to discussions within the community regarding SEC's regulatory actions, Binance co-founder He Yi stated that SEC is a civil lawsuit and it will take time to fight it out, just like Ripple. Earlier reports indicated that Binance reached a historic settlement with US regulators, and He Yi emphasized on X platform that US regulators did not accuse Binance of misusing user funds or participating in market manipulation. Binance will continue to strengthen its compliance measures and build and develop its platform. In addition, He Yi stated in the community, "Our early compliance was not good enough, and we had to suffer the consequences of our mistakes. Binance did not touch user funds or manipulate the market. Being compliant is being a good kid. This is not just about Binance. There was BitMEX before, now it's Binance, and there will be more to come. Now it's the compliant Binance, and a new chapter is opening."
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