Former US SEC Chief Mocks Binance As Fiat Withdrawals Are Suspended

Former US SEC enforcement chief John Reed Stark criticized Binance as the crypto exchange suspended fiat withdrawals for customers in the Euro area. Stark called for an investigation into Binance’s withdrawal suspension and mocked the exchange for not being registered in the Eurozone. Binance has faced challenges in various countries, including canceling its registration from several European countries and facing a lawsuit from the US DOJ. The exchange is also challenging the jurisdiction of the US SEC in a separate lawsuit.