The world's largest cryptocurrency exchange, Binance USD, has come under fire after it suspended euro withdrawal services due to complications in the Single European Payments Area (SEPA), the exchange said.
Not only did this move upset a large number of exchange users, but it also caught the attention of a former SEC official, John Reed Stark, who is known for his bold statements. Stark shared his viewpoint on the X platform (formerly Twitter) regarding the issue. With a tweet full of sarcasm.
In his tweet, Stark suggested that regulators such as the SEC and FINRA deploy a team of specialists to follow up on the case, then implied that the case should be escalated to higher authorities, such as the SEC's enforcement division or even the Department of Justice, if evidence is found. No wrongdoing. Stark concluded his tweet by pointing out that the exchange is not even licensed, implying that there is no regulatory oversight.
