Do you know Binance CEO Changpeng Zhao Questions SEC Investigation into BNB.

The Securities and Exchange Commission has been "raising questions" about the BNB exchange token, according to Binance founder and CEO Changpeng "CZ" Zhao. Still, the exchange has not yet been subpoenaed.

Bloomberg reported earlier this month that the SEC is looking into whether the BNB cryptocurrency is unregistered security. The SEC often asks questions about Binance and its products, CZ told the audience at CoinDesk's Consensus 2022, adding the exchange is in constant communication with regulators. CZ did not announce on stage that Binance had been subpoenaed, only that it is in touch with the SEC. As is customary, the SEC has declined to comment on the existence of an inquiry. As is customary, the SEC has declined to comment on the existence of an inquiry. The Justice Department, the Commodity Futures Trading Commission, and the Internal Revenue Service investigate Binance.

CZ further stated that despite having a bank account, he does not utilise it regularly. CZ stated that the whole Binance team does not feel BNB is safe. He went on to say that they had solid legal opinions to back up their argument. It all started when Bloomberg reported on the SEC's investigation into whether the BNB coin was offered as security in 2017. Binance is a cryptocurrency exchange where users can purchase, sell, and trade cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Faith Tribe, and many others. The SEC hasn't singled out Binance's BNB as the first cryptocurrency to be pursued. Last year, the pinnacle DeFi token, Uniswap, was found to be under investigation as well.