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Crypto companies have to hold assets one-to-one, says Binance CEO Changpeng ZhaoThe SEC is bringing charges against Binance and its CEO, Changpeng Zhao. Binance responded to an SEC filing, arguing that the regulator's arguments weren't applicable to the actual conduct it was analyzing. The Treasury Department threatened to name Binance as a primary money-laundering concern, which would have effectively cut it off from the US.